Meta has acquired Manus, a Singapore-based AI agent developer, for over $2 billion. This strategic move follows Meta’s aggressive push into AI acquisitions, including its previous $14.3 billion investment in Scale AI. Manus, which launched its AI agent just eight months ago, achieved an annualized revenue of $100 million, indicating strong market demand and customer engagement. The acquisition underscores the competitive landscape in AI, where leading companies recognize the value of acquiring startups capable of transforming AI models into widely used products.
CEO Xiao Hong emphasized that joining Meta offers Manus a robust foundation while retaining operational independence. The deal, however, comes with a strategic adjustment, as Meta plans to wind down Manus’s operations in China and eliminate any Chinese ownership interests, reflecting the complexities of geopolitical dynamics in tech acquisitions. Overall, this acquisition positions Meta to become a formidable player in the rapidly evolving AI ecosystem.
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