"China's National Development and Reform Commission announced a prohibition on the foreign acquisition of Manus, a move that reflects growing concerns over US investments in Chinese technology and intellectual property."
"Meta's acquisition of Manus was anticipated to expand its AI offerings, but the deal's annulment highlights the complexities of international tech transactions amid geopolitical tensions."
China is intensifying scrutiny of the artificial intelligence industry, particularly regarding US investments in domestic startups. The National Development and Reform Commission has prohibited Meta's acquisition of Manus, an AI startup with Chinese roots based in Singapore. This decision underscores China's concerns over US access to Chinese AI talent and intellectual property. Meta's acquisition was expected to enhance its AI capabilities, but the deal's annulment raises questions about the future of foreign investments in China's tech sector.
Read at www.aljazeera.com
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