AINewsnow

Oracle cancels $7bn Tencent AI deal under Trump pressure

Intervention comes amid growing tension for US AI infrastructure groups doing business with Chinese tech giants

Read the full story at Financial Times AI ↗

Timeline · 3 reports

  1. 2026-11-04 06:05 · Reuters AI
    Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports
  2. 2026-11-04 06:05 · Techmeme
    Sources: Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration (Financial Times)
  3. 2026-11-04 05:00 · Financial Times AI
    Oracle cancels $7bn Tencent AI deal under Trump pressure

More stories

  1. Sources: Alibaba, Tencent, ByteDance, and other Chinese AI companies ordered 6M Nvidia RTX Pro 5500 chips worth $70B, but expect only ~1% within four months (Bloomberg) — Techmeme
  2. Tencent WeVisOne-VL Unifies Detection, OCR, Segmentation and Matting — MarkTechPost
  3. Tencent Cloud And OmniOps Team Up To Keep Saudi Data Home — DEV Community — Machine Learning
  4. Tencent's Hunyuan Research Agent 2.0 Builds Reusable AI Tools That Improve Over Time — AlphaSignal
  5. Tencent's WeChat Pay deploys AI sales robot at 7-Eleven store in Shenzhen — TechNode
  6. Runway News | Runway Dev is in Claude Code, Codex and Cursor — Runway Research
  7. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Optics Deal — DigiTimes Asia
  8. Schools Will Lose Google Search If They Say No To Google AI — Forbes AI

Get the daily brief of stories like this at 6:30 every morning →