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Tencent reportedly leases 100,000 AI chips from Oracle under five-year deal

2 sources · first seen 08:42 1 Oct · updated 15:40 1 Oct

The brief

Written from 2 reports · check the source before you trade
  • The five-year agreement gives Tencent access to AI chips previously unavailable in China
  • Oracle reportedly signed a $7 billion deal with Tencent

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Linked by the tag Oracle

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Read the reports

2 reports · earliest 08:42
ReutersChina’s Tencent leases 100,000 chips from Oracle to accelerate AI push, FT reports08:42MarketWatchOracle has reportedly signed a $7 billion deal with Tencent. It could provide relief for the troubled stock.15:40