Chinese regulators have instructed AI companies to reject U.S. capital unless explicitly approved by the government, following Meta's $2 billion acquisition of Manus. The National Development and Reform Commission (NDRC) has advised firms like Moonshot AI and Jiepao Star to comply with this directive. ByteDance has also been told to avoid new U.S. investors through secondary share transfers without prior approval. This move is part of Beijing's regulatory response, which includes travel restrictions on Manus co-founders and a review of the transaction's compliance with export controls.
China Urges AI Firms to Reject U.S. Capital Amid Meta's Manus Acquisition
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