Report
Oracle reportedly cancels Tencent AI chip lease under Trump administration pressure
Tencent's reported deal, worth an estimated $7 billion, would have given it access to about 100,000 advanced AI chips.
TLDR
Oracle reportedly canceled its chip-leasing contract with Tencent after U.S. officials raised concerns about the deal. Tencent had reportedly agreed to a five-year lease across multiple Oracle data centers in Southeast Asia. The deal would have given Tencent access to about 100,000 advanced AI chips unavailable in China because of U.S. and Chinese curbs.
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