Meta Platform Acquires AI Agent

21 days ago

Alexandra Seinova

"The latest deal is Meta Platform set to buy an AI agent with Chinese roots. The company is called Manis. It is based in Singapore. Shares of Meta are up about 1.1% here into the close. This is part of its effort to build a business around its massive investment in AI. You guys remember back in November they announced $600 billion worth of investment in AI infrastructure. The deal values Manis at north of $2 billion according to sources. Uh it also marks a very rare US acquisition of an Asian technology company. Actually back in May, the venture capital firm Benchmark was criticized by lawmakers and other VCs for backing an AI company with ties to China. Apparently in this situation though, Manis' existing investors have been bought out by ATA's takeover and the company said that there will be no continuing Chinese ownership interests here."

Meta is embarking on an acquisition by buying Singapore-based AI agent Manis, valued over $2 billion, as part of its broader strategy to build an AI business. The deal is notable as a rare US acquisition of an Asian tech firm, reinforcing Meta's aggressive investment in AI infrastructure.

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