China Launches Review of Meta's $2 Billion Acquisition of AI Startup Manus
China's Ministry of Commerce has started an official review of Meta Platforms' acquisition of Manus, a Singapore-based artificial intelligence startup founded by Chinese entrepreneurs.
Meta bought Manus last month for over $2 billion. The acquisition is aimed at incorporating advanced automation features into Meta's products for both consumers and businesses.
Chinese regulators stated they will assess the deal to ensure it complies with China's rules on national security and technology export controls.
The review reflects growing scrutiny of cross-border deals, especially those involving artificial intelligence technology.
China is reviewing the deal to check if it follows the country's laws on national security and technology exports.
Manus is an artificial intelligence startup that develops automation technology.
Meta's acquisition of Manus is valued at over $2 billion.
Many countries are now carefully reviewing AI-related deals to protect sensitive technology and ensure national security.
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