Meta Acquires AI Startup Manus to Monetize Investments, Boost Enterprise AI

• Meta Platforms Inc. has acquired Singapore-based AI startup Manus, known for developing AI agents for small and mid-sized enterprises.
• The acquisition aims to monetize Meta's significant AI investments and build commercially viable products, aligning with Mark Zuckerberg's AI-centric strategy.
• Manus boasts a fast-growing subscription business with an annual revenue run rate of $125 million, offering immediate monetization opportunities for Meta.
• Its AI agents automate tasks like resume screening, travel planning, and stock analysis, catering to everyday business needs.
• The deal signifies Meta's expansion into enterprise-focused AI tools, gaining an established revenue stream and a foothold in the AI agent market.

Why It Matters: Meta buys Manus to quickly monetize its AI spending and enter the enterprise AI agent market.