China’s Tencent Leases 100,000 Chips From Oracle to Accelerate AI Push, FT Reports
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China’s Tencent leases 100,000 chips from Oracle to accelerate AI push, FT reports
Sept 30 (Reuters) - China's Tencent has signed its largest overseas lease deal with US cloud provider Oracle to access about 100,000 advanced AI chips that were not available in China, the Financial Times reported on Wednesday, citing peop...
The Financial Times reported that Tencent China had concluded the largest external lease in its history with the U.S. oracle computer service provider, in a move to accelerate the development of its artificial intelligence capabilities and to pursue competitors in the accelerated technology race.
Tencent leases 100,000 AI chips from Oracle in a $7 billion five year deal
Tencent has signed a five-year, $7 billion lease for about 100,000 advanced AI chips through Oracle's Asia data centers, according to the Financial Times. The deal highlights how Chinese tech giants are turning to U.S. cloud capacity even as Beijing pushes domestic chip self-sufficiency through Huawei and CXMT.
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Cryptocurrency News | Cryptocurrency Prices | Market CapTencent leases 100,000 AI chips from Oracle in five-year deal
Tencent's deal with Oracle highlights a strategic shift in AI infrastructure sourcing, emphasizing flexibility and rapid scalability in tech advancements.
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