Tencent Leases 100,000 Chips From Oracle To Accelerate AI Push
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Tencent has struck a deal to lease 100,000 chips from Oracle to enhance its artificial intelligence capabilities. This agreement allows Tencent to access Oracle's data centres in south-east Asia, positioning the company in a competitive race against rivals ByteDance and Alibaba.
The partnership with Oracle is part of Tencent's broader strategy to bolster its AI initiatives, reflecting the increasing demand for advanced technology solutions in the region. As the competition intensifies, Tencent aims to leverage this deal to strengthen its market position.
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“WeChat owner strikes deal to access US group’s south-east Asia data centres amid race with ByteDance and Alibaba”
FT — Tencent leases 100,000 chips from Oracle to accelerate AI push