China orders Meta to unwind $2 billion buy of AI startup Manus
China ordered US tech giant Meta to unwind its $2 billion-plus acquisition of artificial intelligence startup Manus on Monday, as Beijing tightens scrutiny of US investment in domestic startups in frontier technologies.
The National Development and Reform Commission’s move highlights China’s commitment to stopping US firms acquiring AI talent and intellectual property, as Washington tries to cut off Chinese tech firms’ access to advanced US chips.
