Wednesday, 4 November, 2026
Washington Intervenes: Oracle Scraps $7 Billion Tencent AI Chip Deal
By TechShots Studio
Oracle has canceled a five-year, $7 billion contract to lease roughly 100,000 advanced AI chips to Chinese tech giant Tencent. The decision follows heavy pressure and regulatory concerns raised by the Trump administration over offshore cloud access. The scrapped arrangement would have allowed Tencent to utilize high-powered infrastructure across Oracle's Southeast Asian data centers.
Read full story at REUTERS