EU Data Protection Board Launches Formal Investigation into AI Startup Instinct Following $350M Fundraise
The European Data Protection Board (EDPB) has opened a formal investigation into AI startup Instinct, just days after the one-year-old company announced a $350 million funding round that valued it at $2.5 billion. The probe, confirmed by EDPB officials on Thursday, centers on allegations that Instinct's viral AI assistant collects and processes user data in ways that may violate the General Data Protection Regulation (GDPR), raising fresh questions about the trade-offs between rapid growth and privacy compliance.
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