Back to News
Market Impact: 0.25
Oracle nixes $7B chip leasing deal with China's Tencent after Trump admin pushback: report
Source: nypost.com
Artificial IntelligenceSanctions & Export ControlsTechnology & Innovation
A deal struck by Oracle and chairman Larry Ellison would have given Tencent access to as many as 100,000 AI chips at data centers in Asia over five years. The article says US export controls would ordinarily bar Tencent from accessing the advanced chips; it gives no financial terms or market reaction.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
neutral
Sentiment Score
0.00
More News
- After the midterms, Big Tech’s AI data center problem is only getting bigger
- What Democrats’ midterm sweep means for your investments
- AI stocks fall as Texas governor result raises data center risks
- US markets rise as Democrats sweep midterm elections
- Dow Jones Forecast: Futures Surge as Democrats Take Congress, AI Stocks Lag
- ‘People really effing hate data centers’: How the AI buildout became the midterms’ affordability issue