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Op-ed: In blocking Meta-Manus deal, China sends a powerful message to U.S. market about AI race
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- But for those who have been following U.S.-China strategic competition, particularly in the fiercely contested technology sector, the announcement should have raised yellow flags, if not red ones.
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To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo
When Meta agreed to acquire Manus, a Singapore-based artificial intelligence startup with Chinese roots for roughly $2 billion last December, many saw the transaction as just another routine deal in today's global technology economy: capital crossing borders, startups relocating to friendlier jurisdictions, and major platform companies acquiring talent and intellectual property in the race to build the next generation of AI systems.
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