1Sources: Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration (Financial Times)techmeme.comMedium11·04 06:05Z
Oracle has scrapped a roughly $7 billion, five-year deal to lease about 100,000 advanced AI chips to Tencent after yielding to pressure from the Trump administration, the Financial Times reported1,2. U.S. officials approached Oracle to raise concerns about the deal. The cancellation comes as Oracle simultaneously pursues a $20 billion capital raise to finance AI infrastructure[3].