China Blocks Meta’s $2 Billion Takeover of AI Startup Manus
China has blocked Meta’s planned $2 billion acquisition of AI startup Manus, ordering the deal withdrawn after months of scrutiny from both Beijing and Washington. “The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations,” reports CNBC, citing the National Development and Reform Commission. “It added that it has … ⌘ Read more