WNA Globe

World News by Wild Rose

#AI acquisition ร—

China seeks to block US tech giant Meta from AI acquisition

Bejing tightens scrutiny of AI industry amid intensifying geopolitical rivalry with the US over the technology.

China blocks Metaโ€™s Manus deal after months-long probe, thwarting purchase

Beijing has blocked the proposed purchase by Meta Platforms of artificial intelligence firm Manus, a start-up that is officially registered in Singapore but developed its products in mainland China. The National Development and Reform Commission, the countryโ€™s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction. Neither Meta nor Manus immediately responded to a request for comment on Monday. The decision...