China’s NDRC has blocked Meta’s approximately $2 billion acquisition of AI agent start-up Manus, ordering the parties to withdraw the deal — marking another escalation in US-China tech competition.
Chinese regulators require Meta to reverse its $2 billion acquisition of AI startup Manus, raising global concerns about tightening AI sector merger oversight.
China’s regulators formally reject Meta’s acquisition of a Chinese AI company, highlighting intensifying global scrutiny of cross-border AI deals amid US-China tech rivalry.
Meta has signed an agreement with space-based solar startup Overview Energy to beam infrared light from 1,000 geosynchronous satellites to terrestrial solar farms, powering AI data centers through the night.
China’s NDRC has formally blocked Meta’s $2 billion acquisition of Manus, an agentic AI startup founded by Chinese engineers that relocated to Singapore.
China’s NDRC formally prohibits US tech giant Meta from acquiring AI startup Manus, marking the first veto on foreign AI asset acquisition and escalating US-China tech rivalry.
Meta announced it will lay off approximately 10% of its workforce, affecting over 20,000 employees as the company pivots aggressively toward AI, marking a new phase in the tech industry’s AI-driven labor restructuring.