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.
Meta said the acquisition was aimed at boosting automation across consumer and business products. Manus will continue operating its subscription service after the acquisition, with no deal terms disclosed.
The deal is one of the first in which a major U.S. tech company has bought a startup with Chinese roots.
Meta said on Monday it would acquire Chinese artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.
Meta Platforms has demonstrated a tendency for swift rallies. The stock has experienced increases of over 50% within a span of two months on six separate occasions, particularly in 2012 and 2023.
Meta Platforms (NASDAQ:META) certainly stands out as one of the bigger “deals” to be had in big tech for those looking to play the value side of the AI trade.
META's AI-driven content and ad upgrades are fueling engagement, pushing ad tools past a $60B annual run rate.
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