
New 28d ago
China Blocks Meta's Acquisition of AI Startup Manus
China blocked Meta Platforms' acquisition of AI startup Manus. Meta was acquiring Manus, an AI company with Chinese roots based in Singapore, to expand its AI offerings. China's National Development and Reform Commission ordered all parties to withdraw from the deal.
"China on Monday blocked U.S. tech giant Meta’s acquisition of the artificial intelligence startup Manus, in an unexpected move to reverse a deal that apparently aroused Beijing’s concerns about the transfer of advanced technology."— Associated Press






























