China blocks Meta from acquiring startup Manus
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(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok NEW YORK, April 27 (Reuters Breakingviews) - Meta Platforms has exposed a recurring dilemma for China: the country wants its technology champions to go global,
Because it builds on existing solar facilities rather than requiring entirely new ones, Meta says the technology could scale faster than traditional energy projects. With this partnership, the company has reserved up to one gigawatt of space-based solar capacity, enough to power hundreds of thousands of homes.
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Meta Platforms agreed a partnership to the use solar energy collected in space to power its AI data centres, as it seeks to develop new solutions to support rising demands for the technology. Meta stated it has struck a deal with Overview Energy for up to 1 gigawatt of space solar energy to support data centre operations,
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.
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