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Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure

Oracle has canceled a five-year agreement to lease advanced AI chips to Tencent after pressure from the Trump administration, the Financial Times reported on November 4. The deal, valued at approximately $7 billion, would have given Tencent access to around 100,000 advanced AI chips across Oracle data centers in Southeast Asia. US officials raised concerns […]

By TechNode

1 min read
Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure
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