China seeks to block US tech giant Meta from AI acquisition
Summary
China is blocking the US tech company Meta from buying the AI startup Manus. China’s government says the deal breaks its laws, while Meta says it followed the rules and expects a solution. This shows China’s growing concern about US tech buying Chinese-linked AI firms.Key Facts
- China’s National Development and Reform Commission announced it is stopping the sale of Manus to Meta.
- Manus is an AI startup originally founded in China but now based in Singapore.
- Meta announced the acquisition of Manus in December and said Manus would stop operating in China.
- Manus moved its offices to Singapore and closed its China locations after raising $75 million in funding.
- China is worried about US companies gaining control over AI technology with Chinese connections.
- The acquisition plan also comes amid US efforts to restrict Chinese companies’ access to advanced technology.
- Meta says it followed all laws and expects the issue to be resolved soon.
- The move occurs before an upcoming meeting between US President Donald Trump and Chinese President Xi Jinping.
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