Is Meta's AI Acquisition a New Battleground in US-China Tech Rivalry?

China is investigating Meta's acquisition of Manus, an AI startup with Chinese roots now based in Singapore, to determine compliance with Chinese laws and export controls. Meta stated there will be no continued Chinese ownership in Manus AI and that Manus will cease operations in China. Chinese officials and legal experts are reviewing whether the deal involves the export of restricted technologies. Manus, known for its AI agent capable of complex task automation, reported annual recurring revenue exceeding 100 million dollars. The investigation reflects heightened scrutiny of cross-border technology deals between the United States and China.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.