Meta to acquire AI agent company Manus

Acquisition Overview - Meta Platforms has agreed to acquire Manus, an AI firm based in Singapore, with the deal reportedly valued at over $2 billion [1][2] - The financial terms of the transaction have not been disclosed by Meta [1] Manus's Business and Technology - Manus specializes in developing autonomous general-purpose agents capable of performing various tasks such as market research, coding, and data analysis [1] - The company launched its general-purpose AI agent earlier this year, which can produce research reports and create websites using models from AI companies like Anthropic and Alibaba [3] Performance Metrics - Since its launch, Manus has served millions of users and businesses, processed over 147 trillion tokens, and generated more than 80 million virtual computers [3] - Manus reported reaching $100 million in annual recurring revenue just eight months after its release [4] Company Background - Manus was initially established as Butterfly Effect in 2022 and later moved its headquarters to Singapore after receiving investment from Benchmark [5] - The company raised $75 million in April prior to the acquisition talks, achieving a valuation of $500 million at that time [5] Leadership and Integration - Xiao Hong, co-founder and CEO of Manus, will join Meta and report to COO Javier Olivan following the acquisition [4] - Meta plans to continue operating and selling Manus's services while integrating its technology into its own product suite [2]