China blocks $2bn Meta takeover of AI agent developer Manus
Beijing says domestic tech companies must seek explicit government approval for accepting US investment
China has blocked Meta’s $2bn (£1.5bn) acquisition of an AI startup as it cracks down on US investments in domestic tech companies.
Mark Zuckerberg’s Meta, the owner of Facebook, Instagram and WhatsApp, announced the acquisition of Manus, a developer of autonomous AI agents, in December. Continue reading...
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