China’s industry regulator has ordered Meta to cancel its $2 billion acquisition of Singapore-based AI firm Manus, citing national security concerns. This move follows the US announcing a crackdown on foreign tech companies exploiting AI models. China is also reportedly restricting US capital in its leading tech firms without government approval, signaling an escalating AI war.
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Unhappy with Meta-Manus deal, Chinese govt to startups: Reject funding from US firms
