PANews reported on April 25 that according to Bloomberg, Butterfly Effect, the company behind Chinese AI startup Manus, completed a $75 million financing led by Benchmark, with its valuation jumping to nearly $500 million. Manus recently launched a general AI Agent that can perform tasks such as screening resumes, planning itineraries, and analyzing stocks, and plans to expand its services to the United States, Japan, and the Middle East. The product is seen as a competitor to OpenAI Deep Research and has attracted support from investors including Tencent, Zhen Fund, and HSG (formerly Sequoia China).