Search results for Butterfly Effect
AI & Enterprise
AI agent startup Manus raises $500 million in first funding round after split with Meta
AI agent startup Manus raised more than $500 million in its first funding round since splitting with Meta, CNBC reported. The round for parent company Butterfly Effect was led by private equity firm Bow Capital and venture investor IDG Capital, with follow-on investment from existing shareholders Tencent, HSG and ZhenFund. Butterfly Effect did not disclose its post-money valuation. Bloomberg reported last month it may target a $4 billion valuation.
AI & Enterprise
Tencent shifts bets to China\'s AI leaders from DeepSeek to AI chips
Tencent is rapidly shifting its investment focus from traditional internet companies to Chinese artificial intelligence firms, investing across large language model startups, AI chips and general-purpose AI agents. It sold part of its stake in Kuaishou but joined a $3 billion funding round for Kuaishou’s Kling AI service. Tencent has backed Moonshot AI and DeepSeek, and has invested in Manus operator Butterfly Effect. It also holds stakes in Zhipu AI, MiniMax, Enflame Technology and Lightelligence.
AI & Enterprise
China regulators block Meta\'s acquisition of Manus, order deal termination
Chinese regulators have moved to block Meta\'s acquisition of AI agent startup Manus, with foreign media reporting authorities ordered the deal treated as if it never happened. An organisation under the National Development and Reform Commission said it would ban a foreign company from acquiring the Manus project under relevant laws, without naming Meta or giving reasons. Meta announced the deal in December, and the Wall Street Journal reported it was worth more than $2 billion.
