Oracle walked away from a $7B, five-year chip lease with Tencent after Trump officials raised concerns, killing what would have been Tencent's largest overseas AI leasing deal: up to 100,000 advanced

What happened: Oracle cancelled a five-year lease with Tencent after Trump administration officials raised concerns about the contract, two people familiar with the matter told the Financial Times. Key numbers: The lease was worth an estimated $7 billion and would have given Why it matters: Overseas leasing deals are allowed under existing rules, so no regulation forced Oracle's hand. The cancellation came a day after the FT reported Nvidia now requires at least 51% of new customer services to go to non-Chinese companies, a rule that would not have covered Tencent's earlier-signed lease. Coverage: 3 outlets in 24h

Oracle cancelled a five-year lease with Tencent after Trump administration officials raised concerns about the contract, two people familiar with the matter told the Financial Times.

Overseas leasing deals are allowed under existing rules, so no regulation forced Oracle's hand. The cancellation came a day after the FT reported Nvidia now requires at least 51% of new customer services to go to non-Chinese companies, a rule that would not have covered Tencent's earlier-signed lease.