Financial Times ·

Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration

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

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Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration

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Financial Times — Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration ↗

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Coverage · 11 Discussion · 6

6:31 AM11:02 AM UTC

Coverage

Bloomberg: Sources: Alibaba, Tencent, ByteDance, and other Chinese AI companies ordered 6M Nvidia RTX Pro 5500 chips worth $70B, but expect only ~1% within four months

The Information: How Nvidia uses soft power to influence customers and shape US chip policy; sources: OpenAI took no public stance on China chip exports to avoid angering Nvidia

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Reuters: Reuters

Financial Times: Financial Times

Discussion

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Related stories

Financial Times: Tencent signed a ~$7B, five-year deal with Oracle this year for access to ~100K advanced AI chips unavailable in China via Southeast Asian data centers

Financial Times: Beijing allowed ByteDance and Tencent to each receive about 10,000 Nvidia H200 chips at their mainland China facilities in recent weeks

Bloomberg: A US federal judge orders the Trump administration to halt a ban prohibiting the Pentagon from doing business with companies lobbying for Alibaba

Politico: OpenAI has retreated from advocating for strict export controls on US chipmakers selling to China, a boon for Nvidia and aligning with President Trump

The Information: China's government asked Alibaba, ByteDance, and others to report on their plans to buy Nvidia RTX Pro 5500, saying it intends to approve the purchases

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