Tencent reportedly leases about 100,000 advanced AI chips from Oracle

A user citing the Financial Times says Tencent has leased about 100,000 advanced AI chips from Oracle for five years, worth about $7 billion, or nearly $14,000 per chip each year. The post says the chips are unavailable inside China and that such leases are allowed because US export controls govern where physical chips go, not who rents their computing power from abroad.