Meta has acquired artificial intelligence startup Manus as the Facebook and Instagram parent intensifies efforts to expand AI capabilities across its platforms.

The California-based tech company did not reveal the financial terms of the deal, though The Wall Street Journal reported that the acquisition was valued at more than $2 billion.

Manus, headquartered in Singapore with links to China, introduced its first general-purpose AI agent earlier this year. The platform provides paid subscription services that allow users to deploy its AI tools for research, coding and other professional tasks.

In a statement issued Monday, Meta said Manus already supports millions of users and businesses globally and that the company plans to scale the technology across its consumer and business products, including Meta AI.

Manus CEO Xiao Hong said the acquisition would help the company grow on a stronger and more sustainable footing without altering how the platform operates or how decisions are made. He confirmed that Manus will continue offering subscriptions through its own app and website.

The startup has seen rapid growth, announcing earlier this month that it had surpassed $100 million in annual recurring revenue just eight months after its launch.

Manus previously received backing from investors including China’s Tencent Holdings, ZhenFund and HSG. The platform was initially launched by Butterfly Effect, also known as monica.im, a company founded in China before relocating to Singapore.

Meta said there will be no remaining Chinese ownership in Manus following the transaction, and that the platform will shut down its services and operations in China. Manus confirmed it will continue operating in Singapore, where the majority of its workforce is based.

Meta CEO Mark Zuckerberg has been seeking to reinvigorate the company’s AI strategy amid stiff competition from rivals such as Google and OpenAI, the developer of ChatGPT. In June, Meta invested $14.3 billion in AI data firm Scale and brought in its CEO, Alexandr Wang, to help lead efforts to develop advanced artificial intelligence systems.