Meta Platforms Inc. (NASDAQ: META) has announced its acquisition of Manus, a Singapore-based AI company with Chinese origins, valued at over $2 billion. This swift deal, finalized in about 10 days, aims to accelerate Meta’s commercial returns on its AI investments. Manus, which has garnered support from investors like Tencent and ZhenFund, offers AI solutions capable of tasks such as resume screening and travel itinerary creation. This acquisition not only strengthens Meta’s AI capabilities but also represents a significant US acquisition of an Asian tech firm under CEO Mark Zuckerberg. With Manus’s annual revenue run rate of $125 million from business subscriptions, Meta is poised for quicker monetization compared to traditional AI research. The move comes amid debates on AI spending, political scrutiny regarding investments in China-linked firms, and ongoing innovations in enterprise AI solutions, distinguishing Manus from conventional chatbots.
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