Oracle cancels a reported US$7 billion AI chip lease with Tencent after US government pressure, FT reports
What changed
Reuters, citing the Financial Times, reports that Oracle has cancelled a multibillion-dollar chip leasing contract with Tencent after US officials raised concerns about the deal. The FT had reported in October that Tencent signed a five-year lease across several Oracle data centres in Southeast Asia, worth an estimated US$7 billion, giving it access to about 100,000 advanced AI chips. The FT also reports that officials in Guangdong asked Tencent to support domestic Chinese chips. Reuters could not verify the report, and Oracle, Tencent and the White House did not respond to requests for comment. Reported, not confirmed by the companies.
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Read the original: Reuters via StreetInsider, citing the Financial Times: Oracle cancels a reported US$7 billion AI chip lease with Tencent after US government pressure, FT reports (opens in a new tab)
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