The least surprising chapter of the Manus story is what's happening right now [TechCrunch]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: TechCrunch
Beijing is throwing billions at homegrown models, tightening its grip on the tech sector, and watching nervously as its best AI talent . Yet Manus — one of China's most buzzed-about AI startups — quietly relocated to Singapore and sold itself to Meta for $2 billion. Did anyone think there would not be a reckoning over this tie-up? As industry watchers know, Manus burst onto the scene in the spring of last year with a demo video showing an AI agent screening job candidates, planning vacations, and analyzing stock portfolios, and it cheekily claimed it outperformed OpenAI's Deep Research. Within weeks, Benchmark — the consummate Silicon Valley venture firm — led a $75 million funding round at a $500 million valuation. That was surprising. (Senator John Cornyn had thoughts, at the time, “Who thinks it is a good idea for American investors to subsidize our biggest adversary in AI, only to have the CCP use that technology to challenge us economically and militarily? Not me.”) By Dece
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