Beijing’s blocking of Meta’s plan to buy Chinese AI startup Manus is already forcing a rethink among tech entrepreneurs who have ties to both China and the US.
The move highlights the intensifying battle between the superpowers for AI dominance, and could factor into a planned summit between the countries’ leaders next month.
It deals a blow to the ambitions of Chinese startups: One billionaire founder told Bloomberg he is building strict walls between his Chinese and US operations as a result of the Meta-Manus fallout.
Chinese-founded firms, including those now operating overseas, expect a chilling effect on cross-border tech deals, Nikkei reported, as Beijing makes it clear it intends to prevent outflows of Chinese IP.
