Meta acquires Singapore AI startup Manus, whose parent company is said to have "Chinese background"
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Social media giant Meta announced the acquisition of Singaporean AI startup Manus, with the transaction amount undisclosed. Manus has an annual recurring revenue of USD 125 million and is expected to bring financial returns to Meta's AI investments. Its parent company, Butterfly Effect, is valued at nearly USD 500 million, but its "Chinese background" has raised concerns in the U.S. political arena. Meta plans to integrate Manus technology into its products, with CEO Mark Zuckerberg listing AI as a top priority
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