Oracle cancels $7B Tencent AI deal under Trump pressure
Oracle has scrapped a roughly $7 billion, five-year deal to lease access to about 100,000 advanced AI chips to Tencent in data centers across Southeast Asia, the Financial Times reported, after US officials raised concerns with Oracle; Guangdong officials also reportedly urged Tencent to back domestic chips. Reuters could not independently verify the report, and none of Oracle, Tencent or the White House commented — but if confirmed, the cancellation would show export-control politics directly killing a major China-US AI compute deal.
SOURCES
- Hacker News (AI)2026-11-04 06:14