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Oracle cancels $7B Tencent AI chip-leasing deal under Trump administration pressure

Oracle scraps $7B chip-leasing deal with Tencent

1 Nov 4 12:00 AM · 4d ago · 3 articles · 1 post · 2 sources · development 1 of 3

The Financial Times reports Oracle has cancelled a roughly $7 billion, five-year deal to lease as many as 100,000 advanced AI chips to Tencent after Trump administration officials raised concerns about the contract.

“Intervention comes amid growing tension for US AI infrastructure groups doing business with Chinese tech giants”

Financial Times

Larry EllisonLarry Ellison Oracle chairmanTrump administration US executive branchTencent Chinese tech giant, intended lesseeOracle US cloud/AI infrastructure company

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1–2Oracle scraps $7B chip-leasing deal with…3NY Post details export-control workaround…
Nov 4Nov 5Nov 6yesterdaynow · 2:56 PM ET

What was reported 2 claims about this development

  1. 5 outlets Sources: Oracle has scrapped a ~$7B, five-year deal to lease as many as 100K advanced AI chips to Tencent after bowing to pressure from the Trump administration

    first by Financial Times, 4d ago · also Techstrong IT, Reuters, Seeking Alpha, Bloomberg

    7 more headlines
  2. 1 outlet Oracle cancels $7bn Tencent AI deal under Trump pressure

    first by FT, 4d ago

All 3 developments of Oracle cancels $7B Tencent AI chip-leasing deal under Trump… →

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