Startups2 min read
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.
Read on Economic Times Tech →Legora, an AI platform for lawyers, secured $550 million in Series D funding led by Accel, valuing the company at $5.55 billion to fuel its U.S. growth.
Why it matters
This significant funding round for Legora underscores the robust investor confidence and rapid expansion within the AI legal technology sector. It highlights AI's increasing penetration into traditional industries, demonstrating its potential to automate complex legal tasks, enhance efficiency for legal professionals, and create substantial market value through specialized applications.
Legora, a company that uses AI to help lawyers, just raised a massive $550 million from investors, bringing its total value to $5.55 billion. This money will help the company expand its services across the U.S., showing strong demand and investment in AI solutions for the legal industry.
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.
Read on Economic Times Tech →