China Blocks Meta's $2B Acquisition of AI Startup Manus
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.
Meta
China's NDRC Blocks US Meta's Acquisition of AI Firm Manus
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 Announces 10% Layoffs, Over 20,000 Jobs Cut Amid AI-Driven Transformation
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.