Vanguard Information Tech ETF News - April 27, 2026
China Blocks Meta's Manus Deal to Prevent AI Tech Transfer
The National Development and Reform Commission (NDRC) blocked Meta Platforms’ acquisition of artificial intelligence startup Manus. Beijing issued the decision...
China blocks Meta's acquisition of AI startup Manus, citing technology risks
China’s National Development and Reform Commission (NDRC) blocked Meta Platforms’ acquisition of AI startup Manus on Monday. The agency issued a statement...
Microsoft and OpenAI end cloud exclusivity, restructuring long-term revenue sharing
Microsoft and OpenAI amended their partnership agreement to end exclusive cloud hosting. Microsoft remains the primary cloud partner, but OpenAI may now use...
Microsoft ends OpenAI exclusivity, allowing use of AWS and Google Cloud
Microsoft and OpenAI amended their strategic partnership to remove the exclusivity clause that made Azure the sole cloud provider. OpenAI now gains the...
Meta Forced to Unwind $2B AI Deal, Citing China Export Rules
China’s National Development and Reform Commission ordered Meta Platforms Inc. to cancel its $2 billion acquisition of agentic AI startup Manus. This decision...
Oracle and Meta slash jobs, fueling massive pivot to AI infrastructure
Meta and Oracle announced significant workforce reductions on April 27, 2026. These cuts aim to reduce costs and redirect resources toward artificial...