Chinese AI Startup Manus Raises Over $500M in Fresh Funding
AI News Brief: Butterfly Effect, the parent company of Manus, announced on Thursday that it has completed a fresh funding round of over $500 million after Beijing ordered the cancellation of Meta’s $20 billion acquisition bid for the AI startup. Reports indicate the deal was withdrawn in response to a demand from Beijing authorities, with Meta originally planning to gain control of Manus’s AI agent application through the acquisition, but the deal ultimately fell through…