Social media giant Meta is moving forward with plans to reverse its purchase of artificial intelligence startup Manus following intervention by Chinese authorities, according to a Wall Street Journal report published Monday.
Sources with knowledge of the situation told the newspaper that China’s government prevented the transaction from proceeding, raising national security objections to the deal.
The development represents a setback for Meta Platforms, the parent company of Facebook and Instagram, as it seeks to expand its artificial intelligence capabilities through strategic acquisitions.
