Tencent Leases 100,000 AI Chips for $7Bn
The five-year deal with Oracle provides access to previously unavailable artificial-intelligence chips in the country, according to the Financial Times
Tencent has leased 100,000 chips from Oracle in a deal worth $7 billion, according to a report by the Financial Times. The agreement is for a period of five years.
The deal provides Tencent with access to artificial-intelligence chips that were not previously available in the country. This move is significant as it allows the company to leverage the capabilities of these advanced chips.
The information about the deal was reported by the Financial Times, which cited the terms of the agreement. The partnership between Tencent and Oracle is a notable development in the field of artificial intelligence.
## What it means The availability of these artificial-intelligence chips can have a significant impact on the development of various technologies, including machine learning and data analytics. This can lead to advancements in multiple industries, including healthcare, finance, and education.
The deal between Tencent and Oracle highlights the growing importance of artificial intelligence in the technology sector. As companies continue to invest in AI, we can expect to see significant advancements in the field.
