Big Tech is closing the year with continued momentum as companies push artificial intelligence deeper into products, infrastructure and monetization strategies.
Manus was founded by Chinese entrepreneurs. The company's origins immediately set off alarm bells in Washington amid intensifying US-China tensions.
Meta Platforms ( NASDAQ:META ) has gone all-in on artificial intelligence (AI), releasing open-source models like Llama, building massive data centers, and integrating AI features across Facebook, Instagram, WhatsApp, and other products.
Facebook and Instagram parent Meta Platforms Inc (NASDAQ:META) revealed today the purchase of Manus, a Singapore-based maker of general purpose agentic AI, which can execute tasks such as coding, market research, and data analysis.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has agreed to acquire Manus, a Singapore-based artificial intelligence company with Chinese roots, in a deal valued at more than $2 billion, Bloomberg reported on Tuesday. According to the report, the acquisition, completed in roughly 10 days, marks a rare US purchase of an Asian tech company.
Stock futures are little changed this morning after two consecutive sessions of losses for major indexes; tech stocks have stabilized after slumping on Monday; gold and silver prices are surging after the precious metals posted steep declines to start the week; Facebook-parent Meta announced it acquired AI agent firm Manus. Here's what investors need to know today.
Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded in China but now based in Singapore, the two firms said.
Meta is acquiring Singapore-based startup Manus to boost its artificial intelligence (AI) agent offerings. “Manus is already serving the daily needs of millions of users and businesses worldwide,” Meta said in its announcement Monday (Dec. 29).
Meta Platforms is buying AI start-up Manus, which could boost the social-media platform's offering in the hot area of autonomous agents.
Giant tech companies are closing the year with a flurry of deals as they position for further advances in artificial intelligence.
Mark Zuckerberg has struck again.
Meta's dividend is minuscule relative to the company's profits, leaving significant room for growth over time. The social media specialist also returns capital to shareholders through significant share repurchases.