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Meta’s $2B Manus deal blocked by China after investment review

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Top stories today:

  1. Meta’s $2B Manus deal blocked by China after investment review
  2. Anthropic says Google to invest $10B at prior $350B
  3. Musk-Altman trial set to begin Mon. over $134B OpenAI lawsuit
  4. OpenAI sets 5 principles for AGI, pledges to avoid power concentration
  5. White House pressures GOP states to curb AI bills, citing federal push
  6. Anthropic tests Project Deal with Claude buying, selling items

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Meta’s $2B Manus deal blocked by China after investment review

  • China’s National Development and Reform Commission ordered the cancellation in a one-line notice.

  • The decision may chill China’s AI sector.

  • Comes weeks before a Trump-Xi meeting.

  • Marks a setback for Meta as it competes with OpenAI and Anthropic.

  • It’s unclear how Meta will unwind the deal, with employees already onboarded and capital transferred.

*Sponsored.

3. Anthropic says Google to invest $10B at prior $350B, with $30B tied to targets

4. Musk-Altman trial set to begin Mon. over $134B OpenAI lawsuit

Markets are pricing in 43% odds that Musk will win the case:

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