Home Technology Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports

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

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

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Published: November 4, 2026 11:42:04 IST

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Nov 4 (Reuters) – Oracle has canceled a multibillion-dollar chip leasing contract with Tencent after bowing to pressure from the Trump administration, the Financial Times reported on Wednesday. • US

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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