Deseed and dice one jalapeño
Thin slice 3 garlic cloves
Rub Olive oil onto inside of the pot using a folded paper towel
Add the two cans of chili, diced jalapeño, sliced garlic, chili powder, paprika, and cumin to the Instant Pot
Stir ingredients and then set the unwrapped Velveeta cheese onto the chili inside the instant pot
Put the instant pot slow cooker lid or instant pot lid with pressure release valve left open onto your instant pot
Press "Slow Cooker" and press "Keep Warm" to turn off the keep warm function.
I have my slow cooker set to "High"
Adjust the cook time for 3 Hours
After 2 hours, remove the lid, stir the ingredients into each other and replace the lid
Let cook for 1 more hour
Remove lid, ladle a good amount into a serving bowl
Serve with Carrots, Broccoli, Cauliflower, Asparagus, Brussel Sprouts, Tortilla Chips, Potato Chips, Hot Dogs, Toast, Chicken, Tacos, Nachos, Fries, Sandwiches, everything...