Tencent leases 100k Oracle AI chips in $7B deal amid US-China tech rivalry

Tencent has reportedly signed a five-year, $7 billion agreement to lease 100,000 AI chips from Oracle, circumventing US export controls that restrict direct sales of advanced semiconductors to China. The deal underscores the growing demand for AI compute in China and the strategic role of cloud providers in supplying it. It remains unclear which specific chip models are included and whether the arrangement will face regulatory or political pushback in the US.