$7 billion deal canceled! Tencent’s AI compute rental faces pressure. Tencent originally planned to invest $7 billion to lease top-tier AI compute resources from $ORCL in Southeast Asia—but the deal was abruptly halted! The U.S. fears they’ll gain access to advanced GPU compute, while China criticizes them for not supporting domestic chips. The U.S.-China AI rivalry intensifies—boosting prospects for China’s domestic AI chips!
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