Chinese regulators block Meta's $2 billion acquisition of Manus AI

Techub News reports, according to CryptoBriefing, China's National Development and Reform Commission and the Foreign Investment Security Review agency issued an order on April 27 prohibiting Meta's $2 billion acquisition of Manus AI. The agency stated that this marks the first time the 2020 foreign investment review measures have been publicly applied to an AI transaction. This move highlights the escalation of tensions between China and the United States over AI technology transfer, indicating that Beijing is reasserting jurisdiction over AI technologies originally developed in China. This action may deter other Chinese AI companies from seeking overseas partnerships and impact future cross-border technology investments.