New Delhi, Dec. 30 -- Meta announced on Monday that it will acquire Manus, a startup specialising in artificial intelligence. The tech giant is rapidly expanding its platforms to incorporate advanced AI.

Although the financial terms of the transaction were not publicly disclosed, a source with direct knowledge of the matter told Reuters that the deal could value the Singapore-based firm at $2-3 billion.

This acquisition comes as several tech giants are racing to develop and deploy advanced AI technologies, aiming to gain an edge in the rapidly evolving artificial intelligence landscape.

As Meta navigates fierce industry competition, the company is making strategic investments in AI. Earlier this year, the Facebook parent company invest...