Oracle Abandons $7 Billion Tencent AI Deal Under Trump Pressure, FT Reports

Oracle scraps US$7 billion deal to lease chips to Tencent under Trump pressure, FT reports

US officials have approached the firm to raise concerns about the deal, the newspaper says Read more at The Business Times.

Oracle scraps $7 billion chip deal with China's Tencent after US pressure: Report

Oracle cancelled a 7 billion dollar AI chip leasing deal with Tencent following concerns raised by the Trump administration amid tightening US export controls.

Oracle scraps $7 billion Tencent AI chip deal after Trump administration pressure

Oracle has reportedly cancelled its $7 billion AI chip leasing deal with Tencent after Trump administration pressure. The five-year agreement covered access to about 100,000 advanced chips.

Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports

Nov 4 (Reuters) - Oracle has canceled a multibillion-dollar chip leasing contract with Tencent after bowing to pressure ​from the Trump administration, the ‌Financial Times reported on Wednesday. • US officials approached Oracle to raise concerns about...

Oracle cancels $7 billion AI chip leasing deal with Tencent

Oracle has canceled a $7 billion deal to lease 100,000 chips to China's Tencent after US officials raised concerns, the Financial Times reported.

Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says

Oracle Corp. has canceled a $7 billion dollar chip leasing deal with Tencent Holdings Ltd., the Financial Times reported.