"Meta is buying artificial intelligence startup Manus, as the owner of Facebook and Instagram continues an aggressive push to amp up AI offerings across its platforms. The California tech giant declined to disclose financial details of the acquisition. But The Wall Street Journal reported that Meta closed the deal at more than $2 billion. Manus, a Singapore-based platform with some Chinese roots, launched its first "general-purpose" AI agent earlier this year."
""Manus is already serving the daily needs of millions of users and businesses worldwide," Meta said in a Monday announcement, adding that it plans to scale this service - as Manus will "deliver general-purpose agents across our consumer and business products, including in Meta AI." Xiao Hong, CEO of Manus, added that joining Meta will allow the platform to "build on a stronger, more sustainable foundation without changing how Manus works or how decisions are made.""
Meta acquired Manus, a Singapore-based AI platform with Chinese roots, to expand AI offerings across its consumer and business products. The Wall Street Journal reported the deal exceeded $2 billion, while Meta did not disclose official financial details. Manus launched a general-purpose AI agent earlier this year and offers paid subscriptions for research, coding and related tasks. Manus reported more than $100 million in annual recurring revenue eight months after launch and serves millions of users and businesses. Initial backers included Tencent, ZhenFund and HSG via Butterfly Effect/monica.im. Meta said Manus will cease operations in China and continue operating from Singapore.
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