Tencent leases 100,000 Oracle chips for AI push
Tencent has agreed to lease access to 100,000 chips from Oracle in a deal reported to be worth $7 billion. The WeChat owner will use Oracle data centres in Southeast Asia as it accelerates artificial-intelligence development and competes with Chinese rivals including ByteDance and Alibaba for computing capacity.
Why it matters
The agreement shows large Chinese technology groups looking abroad for scarce computing power needed to train and run AI systems.
Sources
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Part of the October 1, 2026 brief.