Market Chatter: Oracle Leases 100,000 AI Chips to Tencent in $7 Billion Deal

03:20 AM EDT, 10/01/2026 (MT Newswires) -- Oracle (ORCL) has entered into a five-year deal worth roughly $7 billion to lease about 100,000 advanced AI chips to Chinese technology group Tencent, Financial Times reported Thursday, citing two unnamed people with knowledge of the matter. The deal covers AI chips housed at multiple Oracle data centers in south-east Asia and includes an upfront payment of about 30 per cent, the media outlet added. Oracle and Tencent did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)