China's Tencent taps Oracle for 100,000 AI chips in $7B lease deal - report

[Tencent Qianhai Towers] Planck Quantum Tencent (TCEHY [https://seekingalpha.com/symbol/TCEHY]) has signed a five-year lease with Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]) for access to about 100,000 advanced AI chips as the Chinese technology giant steps up investment in AI, the _Financial Times_ reported, citing sources familiar with the matter. The agreement, Tencent’s largest overseas lease deal, covers multiple Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]) data centers in Southeast Asia and is estimated to be worth about $7B, with roughly 30% paid upfront, according to the report [https://www.ft.com/content/8799b33d-f07c-4a03-82f0-bf5d3d1d29e9].