Topics

Latest

AI

Amazon

Article image

Image Credits:Chip Somodevilla / Getty Images

Apps

Biotech & Health

Climate

Article image

Cloud Computing

Commerce

Crypto

Pokémon

Enterprise

EVs

Fintech

Parker Conrad, CEO at Rippling talks with Mary Ann Azevedo talk about “Going Global” at TechCrunch Disrupt in San Francisco on October 20, 2022. Image Credit: Haje Kamps / TechCrunch

Fundraising

Gadgets

Gaming

Tensor9, software deployment

Google

Government & Policy

ironware

chime bank card

Instagram

layoff

Media & Entertainment

Meta

Microsoft

Privacy

Robotics

Security

Social

Space

inauguration

TikTok

Transportation

speculation

More from TechCrunch

event

Startup Battlefield

StrictlyVC

Podcasts

video

Partner Content

TechCrunch Brand Studio

Crunchboard

touch Us

Manus AI is one of the hottest AI agent startups around , of late raising $ 75 millionat a half - billion - dollar rating in a round led by Benchmark .

But two unnamed sourcestold Semaforthat the investment is now under follow-up by the U.S. Treasury Department over its obligingness with 2023 restriction on investing in Chinese companies .

Benchmark ’s lawyers reset the investment because Manus is n’t technically develop its own AI models , but is or else a “ wrapper ” around existing ones , Semafor reported .

Those attorney also conclude Manus is not China - based since it ’s incorporate in the Cayman Islands . ( That ’s a unwashed construction used by Taiwanese company , like Alibaba , to get at foreign capital . )

Benchmark has attracted critique for its Manus investment from Founders Fund partner Delian Asparouhov , who posted on X “ wow , actions have consequences ? ” .

wow , action have consequences?im hearing about this for the first timehttps://t.co/lTIcRByz5w

Benchmark , Manus , and Treasury did n’t immediately answer to request for comment .

Sarah Tavel, Benchmark’s first woman GP, transitions to venture partner

Anthropic used Pokémon to benchmark its newest AI model

Latest in Startups

Unpacking Rippling vs Deel: corporate espionage and a $16.8B plot twist

Tensor9 helps vendors deploy their software into any environment using digital twins

$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks