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According to Science and Technology Board News, the parent company of the intelligent product Manus, Butterfly Effect, is planning a new round of financing with a target amount of $100 million and an evaluation value of $1.5 billion. According to insiders, state-owned background funds will participate in this round of financing, and the funds raised will mainly be used to expand business in the Chinese market. This move shows Butterfly Effect's emphasis on the Chinese market prospects, and also indicates that the AI intelligent product Manus will accelerate its development domestically.

According to Bloomberg, Manus AI, a general-purpose AI agent from Chinese startup Butterfly Effect, has secured $75 million in funding. This translates to approximately 547 million RMB and was led by Benchmark, a prominent US venture capital firm, with participation from existing investors. This round catapults Butterfly Effect's valuation to nearly $500 million, a fourfold increase, reflecting strong market confidence in its product. Image note: Image generated by AI, image rights reserved.