genai / news / / SiliconANGLE News
The Chinese government ordered Meta Platforms Inc. to scrap its acquisition of artificial intelligence startup Manus.
Chinese authorities have ordered Meta to abandon its $2-3 billion acquisition of AI startup Manus.
KEY POINTS
- Manus, recently relocated to Singapore, reported $100 million in recurring revenue and millions of users.
- Chinese regulators' probe focused on export controls and overseas investment rules related to the acquisition.
- The U.S. Treasury previously scrutinized Manus's $75 million funding round for possible financial regulation breaches.
- Meta planned to integrate Manus's multistep AI agent capabilities, which go beyond current Meta AI offerings.
COMPANIES
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