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2026-11-04 19:47
Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports
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New York PostLean right
Oracle nixes $7B chip leasing deal with China’s Tencent after Trump admin pushback: report
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First reported by Reuters (Center); 2 outlets over 13h.
Reuters · +13h New York Post
What each side is saying
- ReutersCenter
Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports Reuters
Read at reuters.com → - New York PostLean right
The deal struck by Oracle and its billionaire chairman Larry Ellison would have provided Tencent with access to up to 100,000 AI chips located at Asia-based data centers over a five-year term. Ordinarily, Tencent would be barred from accessing the advanced chips due to US export controls.
Read at nypost.com →
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