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Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots, in a massive effort to build a business around its aggressive AI investment.
The deal values Manus at more than $2 billion, according to people familiar with the matter, marking a rare acquisition of an Asian tech company by a US giant.
This multibillion-dollar bet from Meta CEO Mark Zuckerberg was struck in just 10 days, securing a startup that generated $125 million in annual revenue run rate earlier this year.
Coming amid escalating US-China competition for AI dominance, the move completely severs the startup's ties to Chinese ownership.
"There will be no continuing Chinese ownership interests in Manus AI following the transaction, and Manus AI will discontinue its services and operations in China," a Meta spokesperson confirmed.