Meta Caps AI Gold Rush With Manus Buy

Meta Platforms joins the year-end AI spending frenzy, agreeing to acquire Manus, a Singaporean startup building autonomous AI agents. The price tag tops $2 billion. This deal culminates a flurry of activity from tech titans, including SoftBank's recent data-center investments and Nvidia's pact with Groq, as they scramble for dominance. Manus hit a $100 million revenue run rate with shocking speed, reshaping how consumers use AI. Analysts are already comparing the move to Meta’s landmark acquisitions of Instagram and WhatsApp, signaling a deep bet on the future of AI interaction. Meta plans to integrate the technology across its product lines while keeping the existing service live.