Oracle and Tencent Reach a 7 billion, Five-Year Agreement to Deploy 100k AI Accelerators in Southeast Asia
The Financial Times first reported on Oct. 9 that Oracle had signed a five-year agreement worth approximately $7 billion with Chinese technology giant Tencent, allowing Tencent to access approximately 100,000 advanced AI accelerators deployed at Oracle’s data centers in Southeast Asia. This would help Tencent obtain advanced AI computing capacity that is difficult to purchase directly under U.S. export controls. Financial Times Report on the Agreement Structure According to the Financial Times,