Chinese officials are reviewing Meta’s $2 billion acquisition of AI startup Manus for potential violations of technology regulations. The Ministry of Commerce announced an investigation into how the deal aligns with export control laws and foreign investment regulations. After acquiring the Singapore-based Manus, which was originally a product of Chinese startup Butterfly Effect, Meta aims to enhance its automation offerings. Manus, recognized for its innovative AI agents designed for market analysis, coding, and data tasks, claimed to have achieved over $100 million in annual recurring revenue within just eight months of its product launch. The acquisition is viewed as strategic, with experts suggesting it could lead to a delayed approval process and conditions on technology usage. China’s scrutiny emphasizes the importance of advanced AI technologies in global competition. Meta and Manus have yet to comment on the investigation, which highlights the delicate nature of international tech expansions.
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