The acquisition of Chinese AI startup Manius by US Meta has been canceled due to intervention by the Chinese government. Meta acquired Manius for $2 billion last year, but the Chinese government ordered the deal to be withdrawn while reviewing whether it fell under technology export controls. As a result, Manius will return to being an independent company. This incident highlights the trend of China strengthening its technological control amid intensifying US-China technological competition. It is also expected that this setback will hinder Meta's efforts to strengthen its position as a latecomer in the AI field.
