Grocery delivery company Instacart has filed for an initial public offering (IPO) on the Nasdaq under the ticker symbol "CART". The company reported net income of $114m and revenue of $716m in its latest quarter, with five consecutive profitable quarters. Instacart plans to focus on incorporating artificial intelligence and machine learning into its platform and aims to create an omni-channel experience for customers. The Ipo Market has been largely closed since late 2021, and Instacart hopes to revive it. The company's competitors include Amazon, Target, Walmart, and DoorDash.

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