Mark Zuckerberg-owned Meta has started dismantling its $2 billion acquisition of AI startup Manus after Chinese regulators ordered the deal to be reversed, according to a Bloomberg report. Meta “has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed…
Good morning. Fortune’s newest Most Powerful Women list is out and there are some familiar tech faces on it, including AMD’s Lisa Su, Alphabet’s Ruth Porat, Huawei’s Meng Wanzhou, and Anthropic’s Daniela Amodei. Among this year’s notably ascendant? Meta’s new president Dina Powell McCormick, who leaps 19 spots to No. 58. As colleague Ellie Austin…
The Instagram, Facebook, and WhatsApp apps can be seen on a smartphone display in front of the logo of the internet company Meta. Jens Büttner/dpa China has blocked the takeover of the AI start-up Manus by the US tech giant Meta. China’s National Development and Reform Commission announced on Monday that the authority responsible for…
I’ve yet to meet a parent who wished their child had more screen time. Though just how far the problem can go was laid bare in the recent case of KGM against Meta and Google in a US court. The 20-year-old plaintiff, KGM, sued the owners of Instagram and YouTube, claiming that her extensive use…
Hong Kong’s police chief has said that national security remains a priority despite the city’s overall stabilising social situation, citing absconders and foreign forces among lingering threats. Commissioner of Police Joe Chow Yat-ming said on Wednesday the force would continue to ramp up intelligence gathering and enhance national security education among officers and the public,…
China’s Ministry of Commerce says it will conduct a review and investigation into Meta’s acquisition of Manus regarding export controls and technology exports, confirming an earlier report by the Post. Spokesperson He Yadong said at a briefing on Thursday that the ministry would work with other Chinese regulators to check whether the deal, announced by…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
Hong Kong recorded a 20 per cent increase in online investment scams in the first 10 months of the year, with victims losing HK$3.08 billion (US$395.9 million), according to police. Theodora Lee Wai-see, a superintendent with the force’s Anti-Deception Coordination Centre, also revealed that 83 per cent of all fraudulent messages were disseminated through Meta-owned…
The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts. Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump’s…
US tech majors Apple, Amazon, Cisco, Meta, HP, and Intel Corporation have jointly opposed Reliance Jio and Vodafone Idea‘s demand to allocate spectrum in the 6 gigahertz (GHz) band for mobile services. The tech majors sought the entire 6GHz band to be allocated for wifi services instead. In a joint response to telecom regulator Trai’s…