HEY, BIG SPENDER: Meta acquires intelligent agent firm Manus, capping year of aggressive AI moves.

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.
…
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.

That’s a lot of money for a company that doesn’t seem to have generated any profits.