China blocks Meta's AI startup deal
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The AI startup Manus, once hailed as a breakthrough that would challenge Silicon Valley’s dominance, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta Platforms Inc.
Beijing's decision to block Meta's acquisition of Manus is a warning to other startups thinking of relocating data, talent and intellectual property abroad.
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok NEW YORK, April 27 (Reuters Breakingviews) - Meta Platforms has exposed a recurring dilemma for China: the country wants its technology champions to go global,