AI Startup Manus Says Resumes Independent Operations
The company said its founding team will keep control after regulators blocked Meta’s reported $2 billion acquisition.
7 Articles
7 Articles
Manus resumes solo operations after collapse of US$2 billion Meta deal
The Chinese-founded artificial intelligence start-up Manus announced on Tuesday that it had formally resumed independent operations, more than four months after Beijing blocked its US$2 billion acquisition by Meta Platforms. The company’s founding team would continue to lead Manus as an “independent agent lab”, the firm said in a blog post on its website, as it sought to move on from a months-long saga that has sent ripples through the Chinese a…
AI startup Manus says resumes independent operations
The two companies announced in December that Meta had agreed to acquire Manus, an artificial intelligence agent, in a deal reportedly worth around $2 billion. But China's top economic planning body said in April that it prohibited the deal, and required "the parties involved to withdraw the acquisition transaction". Around the same time, Beijing also reportedly restricted travel for two of Manus' co-founders, preventing them from leaving China. …
AI startup Manus resumes independent operations after China blocks Meta’s $2 billion deal
Manus has now resumed independent operations after the regulatory intervention in the deal. The company informed users about data backups needed for its separation from Meta. This development follows Beijing's tightened controls on technology exports and cross-border transactions.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
