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AI & Enterprise

Manus in talks to raise $500 million after Meta merger deal falls through

Chinese AI startup Manus is seeking to raise $500 million at a valuation of $4 billion after a deal to be sold to Meta fell through. TechCrunch reported potential participants include IDG Capital, Bowy Capital, battery maker CATL and existing investors Tencent, HSG and ZhenFund. The company is also considering restructuring to prepare for a Hong Kong initial public offering. Meta had announced a $2 billion acquisition last December.

AI & Enterprise

Vibe coding makes app building almost free, but monetisation depends on market know-how

Vibe coding using AI has sharply lowered barriers to app development, but generating real revenue depends less on code and more on understanding the market, product quality and distribution strategy, an analysis said. Rocapine CEO Stan Marchand said most development can be automated, while the remaining work by humans determines profitability. He pointed to metrics such as cost per install, paid conversion and early retention, and stressed licensing checks, privacy safeguards and verifiable data.

Finance

Webcash to expand public finance AX, automating data search, analysis and routine tasks with AI

Webcash has proposed a plan to apply artificial intelligence to public agency fiscal work to automate data searches and analysis as well as repetitive tasks. The company said it held a “Public Finance AX Strategy Seminar” from Sept. 1 to 9 across four regions including Seoul, Naju, Daejeon and Busan for officials in finance, treasury and audit roles. It introduced cases using an AI agent, OPERIA, and a platform called AXPort.