The Chinese government has officially blocked Meta’s planned $2 billion acquisition of Manus, a Chinese-founded AI startup, marking a significant escalation in the ongoing technological rivalry between the United States and China.
CNBC reports that China’s National Development and Reform Commission (NDRC) foreign investment review arm issued a decision on Monday to block the sale of Manus to Mark Zuckerberg’s Meta. The regulatory body ordered all parties involved in the transaction to unwind the acquisition, effectively terminating the deal that was announced in late December.
Manus emerged as a prominent player in the AI sector when it…
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