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Oracle cancels $7 billion chip leasing deal with China’s Tencent, FT reports

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Oracle cancels $7 billion chip leasing deal with China’s Tencent, FT reports
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

The move comes as Chinese AI developers increasingly seek overseas access to advanced processors to navigate US export restrictions

Key Takeaways

  • Oracle cancels $7 billion chip leasing deal with China’s Tencent, FT reports.

The move comes as Chinese AI developers increasingly seek overseas access to advanced processors to navigate US export restrictions

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