Oracle Cancels $7 Billion AI Chip Lease to Tencent Amid US Government Pressure
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- TechNode.com
Oracle has terminated a five-year lease agreement to provide Tencent with advanced AI chips, as reported by the Financial Times on November 4. The deal, estimated at $7 billion, would have allowed Tencent access to approximately 100,000 AI chips from Oracle's data centers located in Southeast Asia.
This cancellation is significant as it highlights the increasing scrutiny and pressure from the US government regarding technology transfers to Chinese companies. US officials expressed concerns about the implications of such an arrangement, which could potentially enhance Tencent's capabilities in AI technology.
Oracle's decision to cancel the lease underscores the ongoing tensions in US-China relations concerning technology and trade. No further timeline was disclosed at the time of publication.
Original report
Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure
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