✉news BusinessStartups first seen 17 h ago, last 9 h ago, peak #7
Tencent to lease 100,000 AI chips from Oracle in $7 billion deal
Original: Tencent leases 100,000 AI chips from Oracle in a $7 billion five year deal
Tencent has agreed a five-year, $7 billion deal to lease around 100,000 AI chips from Oracle. The arrangement gives the Chinese tech giant access to large-scale computing power for artificial intelligence without outright hardware purchases. The deal highlights how Chinese companies are turning to cloud providers to secure AI capacity amid tight chip supply and export restrictions.
Why now: It is a major cross-border AI infrastructure deal at a time of intense competition and chip export restrictions between the US and China.
Rank over time, top of the chart is #1. 11 snapshots from 17 h ago to 9 h ago.
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