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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Elon Musk's xAI is reportedly restarting its AI coding tool development, bringing in new executives from Cursor to revamp the project.
Why it matters
This development highlights the iterative and challenging nature of building advanced AI tools, particularly in the competitive coding assistant space. xAI's renewed focus and infusion of talent from a specialized company like Cursor indicate a strategic shift to accelerate progress and potentially challenge existing players in the AI-powered developer tools market.
Elon Musk's AI company, xAI, is starting over on a project to build a tool that helps programmers write code using AI. They've hired people from another company that already makes such tools to help them do a better job this time.
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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