Meta Acquires Chinese AI Startup Manus
Digest more
Meta’s $14 billion AI recruit, Alexandr Wang, has earned a spot on Forbes’ 40 Under 40 list of self-made billionaires.
Meta, the company that owns Facebook, Instagram and WhatsApp, has agreed to buy a fast-growing artificial intelligence company called Manus. The deal is reported to be worth more than $2 billion, making it one of Meta’s bigger purchases ever.
Meta, the parent company of Facebook and Instagram, has acquired artificial intelligence startup Manus in a deal reportedly worth over $2 billion. Manus, based in Singapore, offers general-purpose AI agents and has seen rapid growth.
Meta has struggled to compete with industry-leading AI labs like OpenAI and Anthropic. Here's how its acquisition of Chinese startup Manus could change that.
Meta Platforms (NASDAQ:META) certainly stands out as one of the bigger “deals” to be had in big tech for those looking to play the value side of the AI trade. Undoubtedly, when it comes to the Magnificent Seven,
Meta's AI-driven recommendations boost ad ROI and user engagement, while maintaining the lowest capex among Big Tech. Read here for more analysis.