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Analysis

Meta's acquisition of the AI startup 'Butterfly Effect' (Manus) for billions of dollars is a significant move, marking its third-largest acquisition. The deal highlights Meta's continued investment in AI and its strategy of acquiring promising startups. The fact that the acquired company will operate independently and the founder will become a Meta VP suggests a focus on retaining talent and expertise. The mention of a 100-person team in Singapore indicates a global approach to AI development.
Reference

The article quotes Meta's Chief AI Officer, Alexandr Wang, mentioning the 100-person team in Singapore.