Meta is set to acquire Manus AI for an estimated $2.5 billion, including employee retention packages. Manus AI, previously valued at $500 million, quickly reached over $100 million in annual recurring revenue. The acquisition marks Meta’s entry into enterprise AI services, competing against Salesforce, Google, and Microsoft.

Manus AI, originating in China but now based in Singapore, offers a general-purpose AI agent for business tasks. Meta’s move into enterprise AI services comes amid data privacy concerns. META stock is up 12.7% on NasdaqCM. The deal’s progress will hinge on customer trust in Meta’s AI offerings.

Read more at Nasdaq: Meta’s Manus AI Acquisition Could Reach $2.5 Bln As Enterprise AI Push Accelerates