Tencent Leases 100,000 AI Chips From Oracle in $7 Billion Deal

China’s Tencent has reportedly agreed to its largest overseas cloud leasing deal to date, securing access to around 100,000 advanced artificial intelligence chips through Oracle’s data centres in Southeast Asia as the technology giant intensifies its push into AI. According to the Financial Times, Tencent agreed earlier this year to a five-year arrangement with U.S. cloud provider Oracle covering multiple data centres in the region.