"Manus burst onto the scene in the spring of last year with a demo video showing an AI agent screening job candidates, planning vacations, and analyzing stock portfolios, and it cheekily claimed it outperformed OpenAI's Deep Research."
"By December, Manus had millions of users and was pulling in over $100 million in annual recurring revenue. Then Meta came calling, and Mark Zuckerberg, who has staked the company's future on AI, snapped it up for $2 billion."
"Manus didn't just sell itself to an American buyer; it spent the better part of last year actively trying to operate outside China's orbit. The company relocated its headquarters and core team from Beijing to Singapore."
The U.S. and China are engaged in a competitive race to develop advanced AI technologies. China is investing heavily in domestic AI models while facing talent migration to the U.S. Manus, a prominent Chinese AI startup, relocated to Singapore and was acquired by Meta for $2 billion. The company demonstrated significant growth, achieving millions of users and substantial revenue. Manus actively sought to distance itself from China, restructuring its operations and severing ties with Chinese investors after the acquisition by Meta.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]