Skip to main content

Slashdot: China Blocks Meta's $2 Billion Takeover of AI Startup Manus

China Blocks Meta's $2 Billion Takeover of AI Startup Manus
Published on 2026-04-27T20:50:00Z
China has blocked Meta's planned $2 billion acquisition of AI startup Manus, ordering the deal withdrawn after months of scrutiny from both Beijing and Washington. "The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations," reports CNBC, citing the National Development and Reform Commission. "It added that it has asked the parties involved to withdraw the acquisition transaction." From the report: The deal had attracted scrutiny from both China and Washington, as lawmakers in the U.S. have prohibited American investors from backing Chinese AI companies directly. Meanwhile, Beijing has increased efforts to discourage Chinese AI founders from moving business offshore. The Chinese government's intervention in the transaction drew alarm among tech founders and venture capitalists in the country who were hoping to take advantage of the so-called Singapore-washing model, where companies relocate from China to the city-state to avoid scrutiny from Beijing and Washington. Manus was founded in China before relocating to Singapore. The company develops general purpose AI agents and launched its first general AI agent in March last year, which can execute complex tasks such as market research, coding and data analysis. The release saw the startup lauded as the next DeepSeek. Manus said it had passed $100 million in annual recurring revenue, or ARR, in December, eight months on from launching a product, which it claimed made it the fastest startup in the world at the time to hit the milestone from $0. The company raised $75 million in a round led by U.S. VC Benchmark in April last year.

Read more of this story at Slashdot.

Labels:

Comments

Post a Comment

Popular posts from this blog

Slashdot: Battery Fires At Recycling Centres Are Costing the UK £1bn a Year

Battery Fires At Recycling Centres Are Costing the UK £1bn a Year Published on 2026-08-23T00:29:00Z Wrongly discarded lithium batteries, such as those in vapes, are causing more than 10 fires a week at U.K. recycling centers, according to figures shared with the Guardian: The Environment Services Association (ESA), the trade body for waste management companies, said its members had reported 1,518 fires in the year to March 2026. At least 541 of these fires were directly attributed to lithium ion batteries, the survey found. There were a further 216 battery fires in bin lorries [garbage trucks]. The ESA said the reported number of battery-related fires underestimated the scale of the problem, because in most incidents it was impossible to determine the cause of the blaze. A spokesperson said: "We know 40% of fires at recycling centres are caused by batteries, but we think the actual number is more like 70%." It estimates that annual cost of these fires has increased from ...
Post a Comment
Read more

Slashdot: How the FSF Sysadmins are Blocking Botnets with reaction

How the FSF Sysadmins are Blocking Botnets with reaction Published on 2026-07-11T21:47:00Z For nearly two years the Free Software Foundation has been fighting web crawlers (including many aggressively scraping training data for AI models). A botnet controlling about five million IPs hit one system for six months in 2025. Their systems administrator wrote this week that they view these as distributed denial-of-service attacks. How are they fighting back? We noticed patterns in the scrapers that were abnormal, which gave us material for writing regular expressions. Searching for the regular expression then gave us a large lists of IP addresses. Looking up the origin of those IP addresses revealed that some of the crawlers were using botnets of residential IP addresses to scrape faster and avoid detection. We looked for what kinds of botnets might be generating the kind of traffic that we were seeing, and one that we suspected was called the "Vo1d" botnet, comprised of sma...
Post a Comment
Read more

Slashdot: Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push

Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push Published on 2026-06-28T22:05:00Z Spanish startup FOSSA Systems "has raised about $10.5 million to expand its connectivity constellation," reports Space News, noting some funding is backed by Spain's government: The support from the Spanish Society for Technological Transformation (SETT) comes a year after the fund injected 14 million euros into Spain's Sateliot , which is also developing a satellite connectivity network with security and defense applications. Spanish private investment firm Kibo Ventures led FOSSA's funding round, the six-year-old venture announced June 24, bringing its total raised to date to nearly 20 million euros. The proceeds will help fuel FOSSA's push beyond the tiny picosatellites it once used to connect low-power monitoring devices toward larger cubesats in low Earth orbit, enabling additional sovereign communications and space-based intelligence capab...
Post a Comment
Read more