Meta Platforms has announced its acquisition of Manus, a Singapore-based AI developer known for creating advanced general-purpose AI agents. The terms of the acquisition remain undisclosed. Founded as part of the startup Butterfly Effect in China, Manus shifted its headquarters to Singapore, achieving impressive growth with over $100 million in annual revenue shortly after its launch. This acquisition allows Meta to enhance its AI capabilities, integrating cutting-edge automation into its products, including the Meta AI assistant. Manus, which offers subscription tools for tasks like coding, data analysis, and website creation, will continue its operations post-acquisition. The move aligns with Meta’s strategy to acquire specialized AI startups, reinforcing CEO Mark Zuckerberg’s commitment to AI development. As competition in the AI space intensifies, this acquisition positions Meta to capture immediate revenue through enterprise subscriptions, while also facing scrutiny regarding the return on its investment in AI technology.
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Meta Expands Agent-Based Automation Strategy with Acquisition of AI Startup Manus — TradingView News
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