China orders Meta to unwind $2 billion buy of AI startup Manus
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
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Absolics is developing special glass panels for next-generation AI chips, aiming to enhance computing power and efficiency in data centers.
Why it matters
This development is significant because the underlying hardware is crucial for the performance of AI models. By innovating in the materials used for chip substrates, companies like Absolics aim to overcome current limitations in computing power and energy efficiency, which are critical bottlenecks for the advancement and widespread deployment of AI technologies in data centers.
Imagine building faster computers by using a special kind of glass instead of the usual materials for the chips. This new glass could make AI supercomputers much more powerful and use less electricity.
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →Digital platforms and brands are increasingly building their own AI-led digital storefronts, as highlighted by Lalit Keshre's recent ET Awards win.
Read on Economic Times Tech →RateGain Travel Technologies, an Indian company, won the Emerging Company of the Year award, driven by its AI-powered growth in the travel tech sector.
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