Meta Acquires AI Startup Manus to Boost Core Business

• Meta Platforms Inc. acquires Singapore-based AI startup Manus.
• Manus provides an AI agent for small and medium-sized businesses via subscription.
• The acquisition supports Meta's top priority: building its AI business.
• Manus had a $125 million annual revenue run rate and a nearly $500 million valuation.
• Manus's AI agent performs tasks like resume screening, trip planning, and stock analysis.

Why It Matters: Meta strengthens its AI focus by acquiring Manus, gaining a revenue-generating AI agent for SMBs.