AIFinancial Times1h ago
Tencent signed a ~$7B, five-year deal with Oracle this year for access
Sources: Tencent signed a ~$7B, five-year deal with Oracle this year for access to ~100K advanced AI chips unavailable in China via Southeast Asian data centers
TL;DRTencent paid Oracle $7B for five years of AI chip access through Southeast Asian servers.
Why it matters: China's tech giants are finding workarounds to US export restrictions, reshaping global AI competition and geopolitics.
WeChat owner strikes deal to access US group's south-east Asia data centres amid race with ByteDance and Alibaba
Read full articleSource: Financial Times · Opens in new tab