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 →Travis Kalanick's new company, Atoms, will integrate his existing ghost kitchen business, CloudKitchens, and aims to expand into mining and transport, with a focus on robotics.
Why it matters
This article is relevant to AI because robotics is a significant application area for artificial intelligence. The development and deployment of advanced robotics in sectors like mining and transport often rely heavily on AI for tasks such as navigation, object recognition, decision-making, and automation. Kalanick's involvement suggests a potential for substantial investment and innovation in AI-powered robotics.
Travis Kalanick, who previously founded Uber, is starting a new company called Atoms. This company will use robots to help with tasks in industries like mining and transportation, building on his previous food delivery business.
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 →