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China blocks Meta’s acquisition of AI firm Manus
China blocks Meta’s acquisition of AI firm Manus
46 mins agoAFP
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Analysts say the purchase is likely aimed at expanding Meta’s AI agent task capabilities and could be worth more than US$2 billion.
Manus, created by startup Butterfly Effect, can sift through and summarise resumes or create a stock analysis website. (AFP pic)
BEIJING: China has blocked Meta’s acquisition of artificial intelligence (AI) startup Manus, the top economic planning body said today, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country.
Facebook owner Meta had agreed to acquire Manus, an AI agent created by a company founded in China but now based in Singapore, the two firms said in December.
Analysts however, had warned that the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.