Meta Acquires AI Startup 'Butterfly Effect' for Billions
Analysis
Key Takeaways
- •Meta acquired the AI startup 'Butterfly Effect' (Manus) for billions of dollars.
- •The acquisition is Meta's third-largest.
- •Butterfly Effect will operate independently.
- •The founder will become a Meta VP.
- •The company has a 100-person team in Singapore.
“The article quotes Meta's Chief AI Officer, Alexandr Wang, mentioning the 100-person team in Singapore.”