Oracle said to drop $7B Tencent AI deal under US pressure
11/04/2026 — 11/04, 20:22·2 sources (all)·2 reports (all)
Key takeaways
- Oracle abandoned a $7 billion AI deal with Tencent after pressure from Washington, the Financial Times reported. US officials had approached…
Latest turnOracle has scrapped an AI chip leasing deal with Tencent worth an estimated $7 billion after US officials raised concerns about the transaction, The Next Web reported, citing the Financial Times. Reuters said it could not immediately verify the report.
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Oracle has scrapped an AI chip leasing deal with Tencent worth an estimated $7 billion after US officials raised concerns about the transaction, The Next Web reported, citing the Financial Times. Reuters said it could not immediately verify the report.
The Next WebAI score 54Oracle has walked away from a $7 billion AI deal with Tencent after US officials raised concerns about the transaction, the Financial Times reported, citing people familiar with the matter. According to the report, US officials approached Oracle directly to voice those concerns.
ETtechAI score 61
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