Meta reportedly finalized a deal exceeding $2 billion to acquire Manus, a Singapore-based artificial intelligence startup. The acquisition underscores Meta's intensified efforts to bolster its AI capabilities across its platforms, including Facebook and Instagram.

While Meta declined to disclose the specific financial terms, sources familiar with the deal pegged the value at over $2 billion. Manus, which launched its first general-purpose AI agent earlier this year, operates on a subscription model, catering to users seeking AI solutions for research, coding, and various other tasks. Meta stated that Manus already serves millions of users and businesses globally.

The acquisition positions Meta to further integrate general-purpose AI agents into its consumer and business products, including Meta AI. This move reflects the escalating race among tech giants to dominate the burgeoning AI agent market. The integration of Manus' technology could significantly enhance Meta's offerings, potentially impacting how users interact with its platforms and conduct business.

Manus, despite being based in Singapore, has some Chinese roots, a detail that has drawn scrutiny. However, Meta has asserted that there are "no continuing Chinese ownership interests" in Manus AI following the acquisition. Manus CEO Xiao Hong stated that joining Meta would provide the platform with a more robust and sustainable foundation, while maintaining its operational autonomy.

Looking ahead, Manus will continue to operate and sell subscriptions through its existing app and website. The acquisition is expected to accelerate Manus' growth trajectory, leveraging Meta's vast resources and reach. The deal signifies Meta's commitment to investing heavily in AI to remain competitive and drive innovation across its ecosystem. The long-term implications of this acquisition will depend on how effectively Meta integrates Manus' technology and navigates the evolving landscape of AI development and deployment.