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Meta To Acquire Manus
Benzinga
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14 hours ago
Meta agreed to acquire AI startup Manus in a deal valued between $2–$3 billion, boosting its push to integrate advanced autonomous AI agents across consumer and business platforms.
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00:00
It's Benzinga, bringing Wall Street to Main Street.
00:03
Meta said,
00:04
Monday it will acquire Chinese-founded artificial intelligence startup Manus
00:08
as it accelerates efforts to integrate advanced AI across its platforms, according to Reuters.
00:14
Financial terms were not disclosed,
00:16
but a source said the deal values the Singapore-based firm at between $2 billion and $3 billion.
00:23
Manus gained attention earlier this year after releasing what it called the world's first
00:27
general AI agent, capable of making decisions and executing tasks autonomously.
00:33
The company later moved its headquarters from China to Singapore
00:36
as part of a broader shift by Chinese firms seeking to reduce risks tied to U.S.-China tensions.
00:43
Meta said it will operate and sell the Manus service and integrate it into consumer and business products,
00:48
including Meta AI.
00:50
Tech companies, including Meta, have increased AI investment through acquisitions and talent hires
00:55
amid intense industry competition.
00:59
Manus raised $75 million this year at a valuation of about $500 million
01:04
and counts benchmark among its backers.
01:06
For all things money, visit Benzinga.com.
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