"Meta has acquired Singapore-based startup Manus. Manus went viral in March as the first general AI agent. The deal could help Meta to gain a competitive edge. Meta announced on Monday that it's acquiring Manus, the China-founded startup that went viral earlier this year with the release of what was promoted as the first truly useful AI agent. The deal, which The Wall Street Journal reported was valued at over $2 billion, marks Meta's latest effort to push to the forefront of the AI race."
"Launched in March with financial backing from the Chinese firm Beijing Butterfly Effect Technology, Manus made waves across the tech world for its ability to handle complex tasks with less human oversight and prompting than are required by more traditional chatbots, such as ChatGPT. (Manus moved its headquarters from Beijing to Singapore in June to sidestep the US government's export controls of high-value GPUs to China.)"
Meta is acquiring Manus, a China-founded startup known for an early general-purpose AI agent, in a deal reported to exceed $2 billion. Manus's team will join Meta to deliver general-purpose agents across consumer and business products, including Meta AI. Manus launched in March with backing from Beijing Butterfly Effect Technology and demonstrated the ability to complete complex tasks with less human oversight than traditional chatbots. Manus moved its headquarters from Beijing to Singapore in June to avoid U.S. export controls on high-value GPUs. The acquisition could help Meta deploy more practical AI systems and narrow gaps with leading AI labs.
Read at ZDNET
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