AIFinancial Timesabout 2 hours ago
Oracle Cancels $7bn Tencent AI Deal
7 min read
Oracle cancelled a $7 billion AI chip lease with Tencent on 4 November under pressure from the Trump administration. The deal, reported in October, would have given Tencent access to about 100,000 advanced AI chips in Southeast Asia data centers. US officials approached Oracle with concerns while Chinese officials urged Tencent to support domestic chipmakers.
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