Meta to acquire Chinese startup Manus to boost advanced AI features

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Meta said on Monday it would acquire Chinese artificial intelligence startup ⁠Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.

Tech giants such as Meta have been ‌ramping up ‌AI investments through strategic acquisitions and talent hires as they navigate fierce ‌industry competition. Earlier this year, the Facebook-owner invested in Scale AI in a deal valuing the data-labeling startup at $29 billion and bringing in its 28-year-old CEO, Alexandr Wang.

Financial terms ​of its deal with Manus…



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Meta to acquire Chinese startup Manus to boost advanced AI features



Meta said on Monday it would acquire Chinese artificial intelligence startup ⁠Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.

Tech giants such as Meta have been ‌ramping up ‌AI investments through strategic acquisitions and talent hires as they navigate fierce ‌industry competition. Earlier this year, the Facebook-owner invested in Scale AI in a deal valuing the data-labeling startup at $29 billion and bringing in its 28-year-old CEO, Alexandr Wang.

Financial terms ​of its deal with Manus…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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