Meta Platforms has reached an settlement to accumulate Manus, a man-made intelligence (AI) agency headquartered in Singapore.
The proprietor of Fb and Instagram didn’t disclose the monetary phrases of the transaction.
Citing sources, The Wall Avenue Journal (WSJ) mentioned Meta is “closing the deal at greater than $2bn”.
Manus specialises in growing autonomous general-purpose brokers that may deal with a variety of duties, together with market analysis, coding and information evaluation.
Meta acknowledged it intends to proceed working and promoting the Manus service whereas integrating the know-how into its personal suite of merchandise.
“We’re excited to announce that Manus is becoming a member of Meta to deliver a number one agent to billions of individuals and unlock alternatives for companies throughout our merchandise,” Meta’s assertion learn.
Manus first launched its general-purpose AI agent earlier this 12 months, providing capabilities resembling producing analysis experiences and web site creation by utilising fashions from AI corporations together with Anthropic and Alibaba.
Since its launch, Manus has served thousands and thousands of customers and companies, processed greater than 147 trillion tokens, and generated over 80 million digital computer systems.
Based on the WSJ report, the Singapore firm mentioned in December that it reached $100m in annual recurring income eight months after launch.
Xiao Hong, who co-founded Manus and serves as chief govt, will be a part of Meta and report back to chief working officer Javier Olivan.
The vast majority of Manus’s roughly 100 workers are primarily based in Singapore.
Initially established as Butterfly Impact in 2022 with workplaces in Beijing and Wuhan, Manus moved its headquarters to Singapore following funding from enterprise capital agency Benchmark.
The agency additionally counts HSG, ZhenFund and Tencent amongst its traders.
Previous to the acquisition talks with Meta, Manus raised $75m in April in a funding spherical led by Benchmark, which resulted in a valuation of $500m on the time.
“Meta to accumulate AI agent firm Manus” was initially created and revealed by Verdict, a GlobalData owned model.
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