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Oracle Cancels $7 Billion Tencent AI Chip Lease Under US Pressure
2026-11-04•SiTech AI Team

Oracle Cancels $7 Billion Tencent AI Chip Lease Under US Pressure

Oracle scrapped a roughly $7 billion Tencent AI chip lease after US pressure, the FT reported. The deal would have given Tencent access to about 100,000 advanced AI chips abroad.