Shortly after the American tech giant Meta acquired the AI app Manus, the Chinese government has asked the parties to completely roll back the acquisition. (Archive photo). Photo: Sebastien Bozon/Ritzau Scanpix
China orders Meta to cancel billion-dollar AI app deal
The Chinese government has ordered Meta to reverse its $2 billion acquisition of the AI app Manus. According to the Financial Times, China’s National Development and Reform Commission (NDRC) mandated the cancellation, citing potential violations of investment regulations.
The order requires...
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