Tencent reportedly leases 100,000 chips from Oracle to accelerate AI push
ORCL•Tencent reportedly agreed to a five-year lease for about 100,000 advanced AI chips across Oracle data centers in Southeast Asia, in a deal estimated at about $7 billion with an upfront payment of about 30%.
1. Five-year chip lease
Tencent reportedly agreed to lease about 100,000 advanced AI chips across multiple Oracle data centers in Southeast Asia for five years. The deal is estimated to be worth about $7 billion, with an upfront payment of about 30%, and gives Tencent access to chips that were not available in China as it advances its AI models.
