China blocks $2bn Meta takeover of AI agent developer Manus

Chinese officials announce the blocking of Meta's  billion acquisition of Manus, emphasizing concerns over data security and national interests during a press conference.

Manus, known for its innovative AI solutions, was seen as a strategic asset for Meta in enhancing its capabilities in the rapidly evolving AI landscape. The acquisition aimed to bolster Meta’s position amid increasing competition from other tech giants. However, the Chinese government’s stance reflects its broader strategy to maintain control over critical technology sectors … Read more