China’s top economic planner has blown up one of Silicon Valley’s splashiest AI bets, ordering the cancellation of Meta’s planned purchase of Manus and forcing the companies to unwind a roughly $2 billion deal that had Bay Area investors practically salivating.

A Chinese government probe of a Meta-acquired company, Manus AI, reveals a new red line.

The move follows Meta's $2 billion acquisition of AI startup Manus, which triggered a Beijing probe into foreign investment and tech exports