Market Flux Event
Tencent Leases 100,000 Oracle AI Chips in Five-Year Deal to Accelerate AI Expansion
Read this in the Market Flux appTencent has agreed to lease 100,000 AI chips from Oracle under a five-year arrangement spanning Oracle data centres across Southeast Asia, the Financial Times reported on October 1. The deal marks a significant step in Tencent's push to scale up its artificial intelligence capabilities outside mainland China.
The arrangement places Oracle's Southeast Asian data centre footprint at the centre of Tencent's offshore AI infrastructure buildout. Oracle has been expanding aggressively in the region, and the long-term lease signals strong demand from Chinese technology companies for GPU capacity housed in neutral, non-US jurisdictions.
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Sources
- FirstSquawkTencent leases 100,000 Oracle chips to boost AI expansion — FT
- Zerohedge*TENCENT LEASES 100,000 AI CHIPS FROM ORACLE IN 5-YEAR DEAL: FT *TENCENT AGREED TO 5Y LEASE ACROSS ORACLE ASIA DATA CENTRES: FT Since Oracle's data centers in the US are mothballed, Larry now doing business with Beijing
- reuters.comChina's Tencent leases 100,000 chips from Oracle to accelerate AI push, FT reports
- ReutersChina’s Tencent leases 100,000 chips from Oracle to accelerate AI push, FT reports
- InvestingTencent leases 100,000 chips from Oracle for $7 bln- FT