Oracle Cancels $7 Billion AI Leasing Contract with Tencent: Overseas Chip Leasing Can't Escape US Pressure] Beating AI News reports that Oracle, under pressure from the Trump administration, has canceled its approximately $7 billion AI computing power leasing contract with Tencent. This was originally Tencent's largest overseas computing power lease, planned for five years, providing up to 100,000 advanced AI chips through multiple data centers in Southeast Asia. Tencent leases chips overseas because the US restricts the export of advanced AI chips to China, but Chinese companies can still remotely lease computing power deployed overseas. This route is not currently completely banned, but US officials have directly approached Oracle to raise concerns about the deal. Just the day before, Nvidia was also reported to have required overseas cloud service providers to provide at least 51% of their services to non-Chinese customers; currently, this is only a non-mandatory guidance. Both events point to the same change: the US is tightening channels for Chinese AI companies to access overseas computing power, and restrictions have extended from chip exports to overseas leasing transactions. [Original Link]