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Oracle (NYSE:ORCL) reportedly cancelled a planned US$7b AI chip leasing agreement with Tencent after increased U.S. government pressure. The shelved arrangement involved providing Nvidia processors to Tencent through Oracle's cloud infrastructure for Chinese AI workloads. Deloitte announced a unified Oracle business group that brings together its Oracle consulting, implementation and managed services into a single unit. The scrapped Tencent chip deal and Deloitte's new Oracle-focused group both reshape how Oracle positions its AI and cloud offerings for global enterprises. We have also flagged 4 other big wins for Oracle.
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