Beijing Blocks Meta's Bid to Buy Manus Amidst AI Turf War

In a significant move highlighting the burgeoning technological rivalry between the U.S. and China, Beijing has blocked Meta's acquisition of the Chinese artificial intelligence company Manus. The decision comes amidst escalating competition over AI and other frontier industries between the two global superpowers.

The National Development and Reform Commission (NDRC) of China ordered the deal's cancellation, emphasizing Beijing's resolve to prevent the transfer of AI talent and intellectual property to U.S. entities. This development is expected to add a complex issue to the agenda as President Donald Trump prepares to meet President Xi Jinping in Beijing.

Meta, headquartered in California and parent company of Facebook, aimed to enhance its AI capabilities by acquiring Manus for over $2 billion. However, the deal faced scrutiny, particularly after Manus's CEO and chief scientist were prohibited from leaving China amid regulatory review. Industry experts argue that this move illustrates AI's growing significance in national security and international strategy.

(With inputs from agencies.)