Original investors may buy back Chinese-origin AI startup Manus that Meta purchased for $2 billion
The original Chinese backers of artificial intelligence (AI) startup Manus are planning to buy the company back from Facebook’s parent company, Meta, at the same $2 billion valuation it was purchased for, a report has claimed. According to The Information (via news agency Reuters), the reversal comes just months after the Chinese government ordered Meta to completely unwind its acquisition of Manus.
The order highlighted Beijing’s tightening scrutiny and aggressive pushback against US investments in Chinese startups developing advanced AI technologies.
