Peter Elstrom

speaker

634 appearances 21 recordings 1 series first heard Nov 2025 last heard 10 Sep

Peter Elstrom’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 21 in all, peaking in Jul 2026 with 5.

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Bloomberg Tech · OpenAI Drops Exclusivity Deal with Microsoft · 27 Apr 2026 podcast

The reason is that Manus' founders originally started the company when they were in mainland China. voice-verified

They decided to move to Singapore in the middle of last year. voice-verified

They declared themselves a Singapore company. voice-verified

They did set up shop there legally. voice-verified

And so when they cut the deal with Meta, Meta and Manus agreed to the deal and they did not get explicit regulatory approval from Beijing. voice-verified

But there were people inside of China who were saying that voice-verified

This is essentially losing critical AI technology to our biggest geopolitical rival in the United States, in Meta in particular. voice-verified

So they wanted some sort of pressure put to this. voice-verified

And we wrote a story last week about how regulators now are pressing other AI companies not to take money from US investors in particular. voice-verified

Now, it's not clear whether China is going to be able to force Meta to undo this deal. voice-verified

These two companies have been operating together quite closely already. voice-verified

Meta employee, Manus employees have gone into the Meta offices. voice-verified

The executives voice-verified

cooperating. voice-verified

All the investors in Manus have already gotten paid. voice-verified

They have their checks at this point. voice-verified

So it's not clear how they can unwind this. voice-verified

Yeah, as you allude to, the technology transfer between the two countries has been a very significant deal. voice-verified

China would like more access to NVIDIA chips in particular that are used to train some of these more advanced models. voice-verified

At the same time, Beijing has decided that they do need to develop their own semiconductor industry. voice-verified

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