Meta recently acquired the AI startup Manus as part of its ongoing effort to enhance its services. While the exact price tag wasn’t revealed, reports suggest the deal exceeded $2 billion.
Manus is a Singapore-based AI platform that focuses on creating general-purpose AI agents. Just earlier this year, it launched its first AI tool, offering subscriptions for users interested in research and coding assistance. The company has gained significant traction, reportedly crossing $100 million in annual recurring revenue within just eight months of launching.
Meta plans to integrate Manus’s technology into its consumer and business products, expanding the reach of AI capabilities. CEO Xiao Hong expressed that the acquisition will help Manus grow without altering its operational structure. The platform will continue to operate independently for its subscriptions through its app and website.
With increasing competition from companies like Google and OpenAI, Meta is stepping up its AI game. CEO Mark Zuckerberg has prioritized AI initiatives, highlighting a recent $14.3 billion investment in AI data firm Scale to develop advanced AI systems.
Interestingly, customer feedback has been positive. Users have praised Manus for its user-friendly approach and effectiveness in completing tasks. This acquisition might not just bolster Meta’s AI capabilities but also enhance user experiences across its platforms.
For more insights into Meta’s AI strategies and industry trends, check out sources like AP News and The Wall Street Journal.
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