Tencent leases 100,000 offshore AI chips from Oracle for $7 billion

Tencent has reportedly signed a five-year deal with Oracle for about 100,000 advanced AI chips at Southeast Asian data centers, worth roughly $7 billion. The lease is legal under current U.S. rules, but a pending bill could close the cloud-access loophole.

• Five-year lease valued at ~$7 billion, with about 30% paid upfront
• Estimated ~$1.60 per chip-hour, 43% below a one-year Nvidia H100 rental
• Chips are located outside China; models and sites remain undisclosed
• The Remote Access Security Act in the Senate could ban such cloud deals