"The deal is sure to turn heads too. Manus and its parent company Butterfly Effect are now based in Singapore but were founded in China - a country with a fraught relationship to the U.S tech industry - and maintain operations there. Facebook's parent company will reportedly pay more than $2 billion to acquire the startup, which it hopes will bolster its own lagging AI capabilities."
"Meta is far from leading the pack - a fact the company seems well aware of. The acquisition will bring the startup's agentic AI tech on board, allowing Meta to potentially integrate it into its vast suite of products, including Facebook, Instagram, WhatsApp and Meta's AI chatbot. The Manus deal follows Meta's $14.3 billion investment in AI training data startup Scale AI earlier this year."
Meta will acquire Singapore-based Manus and parent Butterfly Effect for reportedly more than $2 billion to bolster its agentic AI capabilities. Manus demonstrated AI agents that execute complex tasks such as hunting for real estate and sorting resumes. The companies were founded in China, retain operations there, and are now based in Singapore, creating geopolitical sensitivities. Meta plans to integrate Manus technology into Facebook, Instagram, WhatsApp and its AI chatbot. The deal follows Meta's prior $14.3 billion investment in Scale AI and comes amid a broader commitment to massive AI spending through 2028.
Read at Fast Company
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