I also use an instant pot for cooking rice. It works great, but I have to set the time manually because the pre-set rice setting overcooks my rice.
I use the mini-instant pot, the regular one is just way too big unless you're trying to feed a family of five.
It is nice to reduce the number of kitchen appliances I "need". Instead of a pressure cooker and a rice cooker, I just have a pressure cooker and use it to cook rice.
Edit: I should also add that apparently instant pot went bankrupt, so you might not be able to find one or replacement parts ever again? Maybe?