Meta Acquires AI Startup Manus for $2B+ Amid US-China Tech Rivalry

• Meta acquires Singapore-based AI agent startup Manus for over $2 billion to bolster its AI strategy.
• Manus, with Chinese origins (parent Butterfly Effect Pte), will have all Chinese ownership and operations in China severed post-acquisition.
• The deal integrates Manus's AI agent technology, which performs tasks like resume screening, into Meta's products.
• Manus generates $125 million in annual revenue, offering Meta an immediate return on its significant AI investments.
• The acquisition highlights Meta's aggressive AI spending and the ongoing US-China competition for AI dominance.

Why It Matters: Meta's $2B+ Manus acquisition boosts its AI strategy, severing Chinese ties amid tech rivalry.