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Oracle drops $7 billion Tencent AI deal under Trump pressure

Original: Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports

Oracle has abandoned a $7 billion cloud deal with Tencent, according to a Financial Times report picked up by Reuters. The agreement, which would have let Tencent's AI services run on Oracle's cloud infrastructure, was scrapped amid pressure from the Trump administration over national security concerns involving Chinese technology firms. The move highlights growing US scrutiny of business ties between American tech companies and China.

Why now: The reported US government pressure on a major tech deal with a Chinese firm fits into ongoing tensions over AI and national security.

OracleTencentDonald TrumpFinancial Times

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Evidence

• Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports · Reuters
• Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports · Lexington Herald Leader

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