Meta acquires Manus for billions of dollars; Xiao Hong to become Meta Vice President.

Meta announced its multi-billion dollar acquisition of Butterfly Effect, the developer of the AI app Manus, marking the third-largest acquisition in Meta's history. Following the acquisition, Butterfly Effect will operate independently, and its founder, Xiao Hong, will become Meta's vice president. This acquisition is seen as a key step in Zuckerberg's vision of "superintelligence" and also signifies the rise of a new generation of Chinese entrepreneurs on the global technology stage.