Tencent Leases 100000 Chips From Oracle
Tencent has signed a major five year lease with Oracle for 100000 advanced AI chips in south east Asia. The estimated seven billion dollar agreement highlights soaring computing demands amid tightening United States export curbs.
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TENCENT HOLDINGS LTD signed a $7B lease with ORACLE CORP for 100,000 advanced AI chips in south-east Asia, people familiar with the matter said on Wednesday morning. The five-year deal is Tencent's largest overseas hardware agreement to date, requiring an upfront payment of about 30%. The transaction bypasses domestic supply constraints in China as strict export curbs from the United States limit local access to high-end processors.
