Back to Feed
Tech▼ 60
Meta reportedly unwinds $2B Manus deal on Beijing demand
TechCrunch·
Meta has initiated the separation from AI startup Manus, halting data sharing and operational integration following a Chinese government order. Beijing cited national security concerns for its divestiture demand, prompting Meta to cut off Manus from its internal systems. This move signifies China's strict control over sensitive technologies, even impacting offshore-incorporated firms. Manus's co-founders are reportedly exploring options to regain control of the startup, potentially through a Chinese joint venture and a Hong Kong listing. The situation highlights China's expanding efforts to regulate foreign investment and talent in its burgeoning AI sector.
Tags
acquisition
regulation
ai
Original Source
TechCrunch — techcrunch.com