Saturday, 10 May, 2025

U.S. Treasury Reviews Benchmark's Investment in Chinese AI Startup Manus

The U.S. Treasury Department is scrutinizing Benchmark's $75 million investment in Manus AI, a Chinese startup offering AI agent services. Although Manus is incorporated in the Cayman Islands and does not develop its own AI models, the review assesses compliance with 2023 restrictions on investments in Chinese tech firms. Benchmark's legal team argues the investment is permissible, but the case has sparked criticism from figures like Founders Fund's Delian Asparouhov.