Meta acquires Butterfly Effect, the developer of Manus, for billions of dollars; founder Xiao Hong appointed as Meta Vice President

Foresight News reported, according to LatePost, that Meta has acquired Butterfly Effect, the company developing the AI application Manus, for several billions of dollars. After the acquisition, Butterfly Effect will continue to operate independently, and its founder Xiao Hong will serve as Vice President of Meta. Liu Yuan, partner at ZhenFund and angel investor in Butterfly Effect, stated that the acquisition negotiations were completed in a very short period, taking just over ten days. For the new generation of young entrepreneurs in the AI era, this will be a tremendous encouragement. "The era belonging to this generation of young Chinese entrepreneurs has arrived."

Manus is an Agent product capable of orchestrating different tools to solve complex problems, and in mid-December this year, it announced that its annual recurring revenue had surpassed 100 million US dollars.