Oracle drops Tencent deal under pressure
Oracle has reportedly abandoned a seven billion dollar artificial intelligence chip leasing contract with Tencent. US officials raised concerns about the agreement, prompting Oracle to cancel the Southeast Asia data center arrangement.
Xurve View
Insights:
Xurve View
ORACLE CORP canceled a $7 billion chip leasing contract with TENCENT HOLDINGS LTD on Tuesday after facing pressure from the United States administration, per the Financial Times.
