BigTech @BigTech: "Meta acquires intelligent agent firm..."

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Meta acquires intelligent agent firm Manus, capping year of aggressive AI moves 👉 $META (Meta Platforms Inc) said Tuesday that it has acquired Manus, a Singapore-based developer of general-purpose AI agents, as the tech giant continues its massive investments into artificial intelligence. 👉 Manus, founded in China before relocating to Singapore, launched its first general AI agent earlier this year, which can execute complex tasks such as market research, coding, and data analysis. 👉 The company claimed it had achieved an annualized average revenue of more than $100 million just eight months after launch, while its revenue run rate exceeded $125 million. 👉 Meta said in a statement that its acquisition was aimed at accelerating AI innovation for businesses and integrating advanced automation into its consumer and enterprise products, including its Meta AI assistant. 👉 “Manus is already serving the daily needs of millions of users and businesses worldwide ... We plan to scale this service to many more businesses,” Meta said. 👉 The company also said it will take steps to wind down Manus AI’s remaining business operations in China and that “there will be no continuing Chinese ownership interests” after the transaction. According to the firms, Manus will continue operating its subscription service without disruption. 👉 While further terms of the acquisition were not disclosed, the Wall Street Journal reported that the deal closed at an amount over $2 billion, according to sources familiar with the acquisition. 👉 The start-up was seeking a fresh round of fundraising at a $2 billion valuation when it was approached by Meta, the report added. 👉 Manus began as a product of Chinese start-up Butterfly Effect, also known as Monica.Im, before growing into a separate entity. Aggressive AI expansion 👉 Meta’s acquisition of Manus fits into its broader AI strategy of scooping up specialized AI start-ups to acquire talent and fast-track its broader AI business, including the development of its open-source Llama large language models. 👉 In June, for example, Meta invested $14.3 billion in AI start-up Scale AI, in a deal that brought its founder and CEO, Alexandr Wang, onto Meta’s AI leadership team. Read more ❓ www.cnbc.com/2025/12/30/meta-acquires-singapore-ai-agent-firm-manus-china-butterfly-effect-monicai.html ✨ $META is part of eToro’s @BigTech Smart Portfolio. This fully allocated investment strategy invests in leading global large-cap companies from the technology sector, including telecommunications, entertainment, e-commerce, software solutions, and more. @BigTech is part of eToro's Smart Portfolios series, covering innovative themes, and is available from a minimum investment of $500. Some of the companies invested in this portfolio are $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) , $GOOGL (Alphabet Inc Class A) , $AVGO (Broadcom Inc) , $NOW (ServiceNow Inc) , $PLTR (Palantir Technologies Inc.) and $PANW (Palo Alto Networks) . Your capital is at risk. Past performance is not an indication of future results.