“China has ordered Meta to unwind its $2bn acquisition of artificial intelligence app Manus, as Washington and Beijing vie for dominance over the emerging technology.
The decision marks an extraordinary late-stage intervention by Beijing, involving two non-Chinese companies. Meta had already begun to integrate software from Manus, which was founded in China but relocated to Singapore last year.
It was unclear how the acquisition could be unwound at such a late stage. A person briefed on Beijing’s decision said the announcement could be intended primarily as a warning for similar deals in the future.”
Source : China blocks Meta’s $2bn purchase of AI group Manus