Business · 1 hour ago
Oracle cancels $7 billion AI chip deal with Tencent after US pressure
BoliviaInteligente (Unsplash) | MEAIYAVT 206 Liowcms (Wikimedia, CC-BY-SA-4.0)
A report in the Financial Times on Wednesday indicated that Oracle, the US cloud computing firm, has terminated a multi-billion dollar deal to provide chips to Tencent, the Chinese technology leader. US officials voiced their worries about the agreement to Oracle, according to the paper. The agreement, concluded last month, involved a five-year lease for approximately 100,000 advanced AI chips in Southeast Asia.
Reported by thestandard.com.hk · How we write briefs