Chinese officials are reviewing Meta's $2 cardinal acquisition of AI startup Manus for imaginable exertion power violations, FT reported connected Tuesday.
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China said Thursday it volition analyse Meta's $2 cardinal acquisition of artificial intelligence startup Manus to measure its compliance with export power laws.
Meta acquired Singapore-based Manus past period arsenic the U.S. tech elephantine looks to integrate precocious automation into its user and endeavor products.
Terms of the acquisition were not disclosed, but the Wall Street Journal reported that the woody closed astatine an magnitude implicit $2 billion, according to sources acquainted with the acquisition.
China's Ministry of Commerce said it volition behaviour an appraisal and probe into however the acquisition complies with laws and regulations concerning export controls, exertion import and export, and overseas investment, according to a connection translated by Google.
"The Chinese authorities consistently supports enterprises successful conducting mutually beneficial transnational operations and planetary technological practice successful accordance with laws and regulations," Ministry of Commerce spokesperson He Yadong said astatine a property briefing.
CNBC has contacted Meta for comment.
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