Meta Platforms’ multibillion-dollar acquisition of Manus, a Chinese-founded artificial intelligence agent start-up, has set off a mix of excitement and unease in China’s tech circles, opening what some see as a new “cash-out” route for AI entrepreneurs beyond the traditional IPO playbook.
Industry observers said the acquisition was made possible by two key developments: Manus’ progress in building a globally competitive general AI agent and the founders’ decision to relocate the business…
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