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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. The platform offers paid subscriptions for customers to use this technology for research, coding and other tasks.
“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.” Manus confirmed that it would continue to sell and operate subscriptions through its own app and website.
The platform has grown rapidly over the past year. Earlier this month, Manus announced that it had crossed the $100 million mark in annual recurring revenue, just eight months after launching.
Some of Manus’ initial financial backers reportedly included China’s Tencent Holdings, ZhenFund and HSG. And the company that first launched the platform — Butterfly Effect, which also operates under the name monica.im, which was founded in China before moving to Singapore.
A Meta spokesperson confirmed on Tuesday that there would be “no continuing Chinese ownership interests in Manus AI” following its transaction, and that the platform would also discontinue its services and operations in China. Manus reiterated that it would continue to operate in Singapore, where most of its employees are based.
Meta CEO Mark Zuckerberg has been pushing to revive its commercial AI efforts as the company faces tough competition from rivals such as Google and OpenAI, maker of ChatGPT. In June, the company made a $14.3 billion investment in AI data company Scale and recruited its CEO Alexandr Wang to help lead a team developing “superintelligence” at the tech giant.
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HERE ARE SOME OTHER\n\n00:00:07.340 –> 00:00:08.341 align:start line:63% position:10% size:75%\nHEADLINES THAT WE’RE FOLLOWING\n\n00:00:08.341 –> 00:00:09.743 align:start line:63% position:10% size:78%\nTHIS HOUR. POLICE SAY THAT BOTH\n\n00:00:09.743 –> 00:00:11.911 align:start line:63% position:10% size:78%\nPILOTS ARE NOW DEAD AFTER THEIR\n\n00:00:11.911 –> 00:00:13.113 align:start line:63% position:10% size:58%\nHELICOPTERS COLLIDED IN\n\n00:00:13.113 –> 00:00:14.748 align:start line:63% position:10% size:70%\nSOUTHERN NEW JERSEY OVER THE\n\n00:00:14.748 –> 00:00:15.849 align:start line:63% position:10% size:68%\nWEEKEND. ONE WAS PRONOUNCED\n\n00:00:15.849 –> 00:00:17.217 align:start line:63% position:10% size:60%\nDEAD AT THE SCENE OF THE\n\n00:00:17.217 –> 00:00:18.385 align:start line:63% position:10% size:75%\nCOLLISION IN HAMMONTON AIRPORT\n\n00:00:18.385 –> 00:00:20.220 align:start line:63% position:10% size:70%\nYESTERDAY MORNING. THE OTHER\n\n00:00:20.220 –> 00:00:21.588 align:start line:63% position:10% size:73%\nPILOT DIED AFTER HE WAS TAKEN\n\n00:00:21.588 –> 00:00:23.223 align:start line:63% position:10% size:78%\nTO AN AREA HOSPITAL. POLICE SAY\n\n00:00:23.223 –> 00:00:24.491 align:start line:63% position:10% size:65%\nTHAT THE TWO CHOPPERS WERE\n\n00:00:24.491 –> 00:00:25.892 align:start line:63% position:10% size:73%\nSPOTTED FLYING CLOSE TOGETHER\n\n00:00:25.892 –> 00:00:27.727 align:start line:63% position:10% size:78%\nJUST BEFORE THE CRASH, WHICH IS\n\n00:00:27.727 –> 00:00:29.529 align:start line:63% position:10% size:73%\nNOW BEING INVESTIGATED BY THE\n\n00:00:29.529 –> 00:00:32.766 align:start line:63% position:10% size:68%\nFAA AND THE NTSB. SOME WILD\n\n00:00:32.766 –> 00:00:34.601 align:start line:63% position:10% size:78%\nVIDEO OUT OF SOUTH FLORIDA AS A\n\n00:00:34.601 –> 00:00:36.436 align:start line:63% position:10% size:78%\nCORVETTE SMASHES INTO SOMEONE’S\n\n00:00:36.436 –> 00:00:38.171 align:start line:63% position:10% size:75%\nYARD ON CHRISTMAS EVE. YOU CAN\n\n00:00:38.171 –> 00:00:39.472 align:start line:63% position:10% size:63%\nSEE THE CAR THERE BUSTING\n\n00:00:39.472 –> 00:00:41.508 align:start line:63% position:10% size:78%\nTHROUGH A FENCE BEFORE SMASHING\n\n00:00:41.508 –> 00:00:43.643 align:start line:63% position:10% size:60%\nINTO A BOAT. THANKFULLY,\n\n00:00:43.643 –> 00:00:44.744 align:start line:63% position:10% size:70%\nSOMEHOW NO ONE WAS HURT. BUT\n\n00:00:44.744 –> 00:00:46.546 align:start line:63% position:10% size:75%\nTHE POLICE IN PALMETTO BAY DID\n\n00:00:46.546 –> 00:00:47.914 align:start line:63% position:10% size:73%\nPUT THE DRIVER ON THE NAUGHTY\n\n00:00:47.914 –> 00:00:50.417 align:start line:63% position:10% size:78%\nLIST, ISSUING. QUOTE MANY, MANY\n\n00:00:50.417 –> 00:00:52.118 align:start line:63% position:10% size:73%\nTICKETS. CALL FOR THAT DRIVER\n\n00:00:52.118 –> 00:00:54.054 align:start line:63% position:10% size:68%\nFOR CHRISTMAS FOR SURE. AND\n\n00:00:54.054 –> 00:00:55.221 align:start line:63% position:10% size:70%\nTEXAS HOLD’EM ISN’T THE ONLY\n\n00:00:55.221 –> 00:00:56.890 align:start line:63% position:10% size:75%\nTHING BEYONCE SHARES IN COMMON\n\n00:00:56.890 –> 00:00:58.858 align:start line:63% position:10% size:75%\nWITH OIL TYCOONS. WELL, SHE IS\n\n00:00:58.858 –> 00:01:00.527 align:start line:63% position:10% size:73%\nNOW OFFICIALLY A BILLIONAIRE.\n\n00:01:00.527 –> 00:01:01.661 align:start line:63% position:10% size:75%\nFORBES REPORTS THAT THE SINGER\n\n00:01:01.661 –> 00:01:02.762 align:start line:63% position:10% size:70%\nRODE THE SUCCESS OF HER LAST\n\n00:01:02.762 –> 00:01:04.531 align:start line:63% position:10% size:68%\nTWO CONCERT TOURS AND OTHER\n\n00:01:04.531 –> 00:01:05.932 align:start line:63% position:10% size:73%\nBUSINESS VENTURES TO JOIN THE\n\n00:01:05.932 –> 00:01:07.967 align:start line:63% position:10% size:70%\nTEN FIGURE CLUB. 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Vote data from the AP
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Vote data from the AP
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Vote data from the AP
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Vote data from the AP
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Vote data from the AP
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Vote data from the AP
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