Oracle Drops $7 Billion Tencent AI Deal After US Pressure
Oracle has dropped a $7 billion deal with Tencent, a Chinese tech company, after US officials raised concerns about it. The Financial Times reported this, citing people familiar with the matter. It shows how Washington is closely watching AI deals with Chinese firms.
Quick glossaryOracle, Tencent
- Oracle
- US software company best known for its database and cloud computing services for businesses.
- Tencent
- Chinese internet giant best known for its WeChat messaging app and its large gaming business.
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