Tencent Leases 100,000 AI Chips from Oracle for China Push
Chinese technology giant Tencent has signed its largest overseas lease deal with US cloud provider Oracle, agreeing to lease approximately 100,000 advanced AI chips that were not available in China. This move aims to accelerate Tencent's artificial intelligence development.
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04:18:12 AM UTC
SquawkNews
Oracle Corp. (ORCL) shares rose more than 2.5% in overnight trading late Wednesday after a report said Chinese tech giant Tencent has signed a $7 billion deal to lease Oracle’s data centers for artificial intelligence workloads.The social media and gaming group would lease multiple Oracle data cent…
The Chinese technology giant this year agreed…