Meta to acquire AI agent company Manus

Meta Platforms has reached an statement to get Manus, an artificial quality (AI) steadfast headquartered successful Singapore.

The proprietor of Facebook and Instagram did not disclose the fiscal presumption of the transaction.

Citing sources, The Wall Street Journal (WSJ) said Meta is “closing the woody astatine much than $2bn”.

Manus specialises successful processing autonomous general-purpose agents that tin grip a scope of tasks, including marketplace research, coding and information analysis.

Meta stated it intends to proceed operating and selling the Manus work portion integrating the exertion into its ain suite of products.

“We are excited to denote that Manus is joining Meta to bring a starring cause to billions of radical and unlock opportunities for businesses crossed our products,” Meta’s connection read.

Manus archetypal launched its general-purpose AI cause earlier this year, offering capabilities specified arsenic producing probe reports and website instauration by utilising models from AI companies including Anthropic and Alibaba.

Since its launch, Manus has served millions of users and businesses, processed much than 147 trillion tokens, and generated implicit 80 cardinal virtual computers.

According to the WSJ report, the Singapore institution said successful December that it reached $100m successful yearly recurring gross 8 months aft release.

Xiao Hong, who co-founded Manus and serves arsenic main executive, volition articulation Meta and study to main operating serviceman Javier Olivan.

The bulk of Manus’s astir 100 employees are based successful Singapore.

Initially established arsenic Butterfly Effect successful 2022 with offices successful Beijing and Wuhan, Manus moved its office to Singapore pursuing concern from task superior steadfast Benchmark.

The steadfast besides counts HSG, ZhenFund and Tencent among its investors.

Prior to the acquisition talks with Meta, Manus raised $75m successful April successful a backing circular led by Benchmark, which resulted successful a valuation of $500m astatine the time.

"Meta to get AI cause institution Manus" was primitively created and published by Verdict, a GlobalData owned brand.

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