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Oracle and Tencent Sign Major Deal

Updated 2026-10-01 10:25 UTC 1 source Neutral

Oracle has reportedly signed a $7 billion deal with Chinese tech giant Tencent. The agreement could provide relief for Oracle's troubled stock by granting access to advanced AI chips not previously available in the country.

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Oracle has reportedly signed a $7 billion deal with Tencent. It could provide relief for the troubled stock.

Tencent signed a five-year deal which allows it to access artificial-intelligence chips not previously available in the country, according to the Financial Times.

2026-10-01 10:10 UTC