The US is reviewing Benchmark’s investment into Chinese AI startup ManusΒ 

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Manus AI is among the hottest AI agent startups round, just lately elevating $75 million at a half-billion-dollar valuation in a spherical led by Benchmark.

However two unnamed sources informed Semafor that the funding is now underneath assessment by the U.S. Treasury Division over its compliance with 2023 restrictions on investing in Chinese language firms.

Benchmark’s attorneys cleared the funding as a result of Manus isn’t technically growing its personal AI fashions, however is as an alternative a β€œwrapper” round current ones, Semafor reported.Β 

These attorneys additionally concluded Manus just isn’t China-based because it’s integrated within the Cayman Islands. (That’s a standard construction utilized by Chinese language firms, like Alibaba, to entry overseas capital.)

Benchmark has attracted criticism for its Manus funding from Founders Fund associate Delian Asparouhov, who posted on X β€œwow, actions have penalties?”.Β 

Benchmark, Manus, and Treasury didn’t instantly reply to requests for remark.

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