Meta is buying Manus for over $2 billion. Here's what the AI agent does, who built it, and why the deal matters.
Meta is seen as lagging behind OpenAI and Google in the AI race. Its acquisition of Singapore-based AI startup Manus could help with that.
Beijing in April demanded the unwinding of Meta's $2.6b deal to acquire the Chinese-founded agentic AI service. Read more at straitstimes.com. Read more at straitstimes.com.
June 18 (Reuters) - The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on ...
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.
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By Laurie Chen BEIJING, June 1 (Reuters) - China issued sweeping new rules on Monday tightening control of overseas deals that involve Chinese investors, technology, data and national security, a ...