Oracle Cancels $7B Tencent AI Deal Under Trump Pressure
US software firm Oracle has cancelled a $7 billion AI deal with Chinese company Tencent. The move was reported to have come under pressure from Donald Trump. It shows how politics can shape which AI partnerships between US and Chinese firms go ahead.
Quick glossaryOracle, Tencent, cloud
- Oracle
- Oracle is a major US software company, best known for its database software and cloud computing services, based in Austin, Texas.
- Tencent
- Tencent is a large Chinese technology company, best known for the WeChat messaging app and popular online games.
- cloud
- Computer services run over the internet on rented remote servers instead of your own machines.
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