23 place 0 fresh

130 Manus’ Revenue Soars as Original Investors Move to Reverse Meta Deal

The Information
Qianer Liu @ The Information 3 place · today 09:00 EDT

The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid, in response to a Chinese government order that the deal be reversed, according to two people with direct knowledge of the matter.

While the government’s order has sparked alarm among Chinese startup founders, seemingly cutting off the U.S. as an avenue for fundraising or sale, reversal of the sale holds a bright spot for Manus’ original investors. That’s because Manus has cont

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Jyoti Mann @ The Information · 06/11/2026 11:10 EDT

Meta Platforms has fully separated its operations from Manus after Chinese authorities ordered the companies to unwind their $2 billion acquisition deal, Bloomberg reported, citing people familiar with the matter. The parent of Facebook, Instagram and WhatsApp has halted data sharing with Manus, ... Read more

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The Information
Anissa Gardizy @ The Information · 06/11/2026 12:30 EDT

Anthropic is moving forward with a plan to control its own servers for developing AI, giving it the ability to cut its computing costs in the long run. The maker of Claude in recent months has signed more than a dozen initial agreements, known as letters of intent, to lease data center facilities from various U.S. developers, according to several people with direct knowledge of the plans. Anthropic leaders have... Read more

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The Information
Phoebe Liu @ The Information · 06/11/2026 12:50 EDT

Private equity firm KKR, the Kuwait Investment Authority, Nvidia and power generation company Vistra launched a new company on Thursday to finance and help build AI data centers. Nvidia’s role as an anchor investor in Helix signifies another extension of the AI giant’s growing role in financing ... Read more

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The Information
Kevin McLaughlin @ The Information · 06/11/2026 14:47 EDT

When Snowflake CEO Sridhar Ramaswamy and CFO Brian Robins face Wall Street analysts on quarterly earnings calls nowadays, they’re armed with material from an internally developed AI agent. The agent tells the two executives the questions they’re expecting the analysts to ask and provides suggested answers.The agent prepares that material in minutes, automating a process that used to take Snowflake staffers several weeks, according to Anahita Tafvizi, the company’s chief... Read more

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The Information
Valida Pau @ The Information · 06/11/2026 15:43 EDT

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Yueqi Yang @ The Information · 06/11/2026 16:12 EDT

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The Information
Amir Efrati @ The Information · 06/11/2026 17:23 EDT

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The Information
Katie Roof @ The Information · 06/11/2026 19:15 EDT

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Martin Peers @ The Information · 06/11/2026 20:00 EDT

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The Information
Amir Efrati @ The Information · 06/12/2026 02:35 EDT

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