TLDR Tech / News
Tencent scores 100,000 offshore AI chip deal with Oracle for $7 billion despite climbing prices
Oracle has reportedly agreed to a five-year lease with Tencent for about 100,000 advanced AI chips across Southeast Asian data centers in a deal estimated at $7 billion. The Financial Times reports that the arrangement involves roughly $1.60 per chip per hour with a 30% upfront payment, which is significantly lower than current market rates. While the transaction is legal under current U.S. rules, it could face scrutiny from upcoming legislative and regulatory measures targeting cloud rental loopholes.
Read the full story