Set the Instant Pot to Sauté and melt the oil. Sauté the garlic for 2 to 3 minutes, then pour in 1/2 cup of filtered water.
Add the bacon, cumin, red pepper, beef, garlic powder, chili powder, oregano, salt, black pepper, and tomatoes to the Instant Pot.
Close the lid, set the pressure release to Sealing, and hit Cancel to stop the current program. Select Manual/Pressure Cook , set the Instant Pot to 35 minutes on high pressure, and let cook.
Once cooked, let the pressure naturally disperse from the Instant Pot for about 10 minutes, then carefully switch the pressure release to Venting.