AI Market Movers · China & rest of world
Tencent
TCEHY
Tencent has WeChat for distribution and Hunyuan for models. The super-app is the moat. The lab is the hedge.
- Site
- tencent.com
- Product
- Hunyuan
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On X
Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports
— Reuters (@Reuters) Nov 4, 2026
Oracle has canceled a $7 billion dollar chip leasing deal with Tencent, the Financial Times reported
— Bloomberg (@business) Nov 4, 2026
Latest news
Financial Times
Oracle cancels $7 billion Tencent AI chip lease under Trump administration pressureOracle has scrapped a five-year, roughly $7 billion contract to lease about 100,000 advanced AI chips to Tencent across its Southeast Asian data centers after US officials raised…
In the Daily
· Closing Time
Closing Time: The hottest AI lab is paying surge pricesTechCrunch reports that Anthropic’s revenue jumped to $17 billion last quarter, but it had to buy $5 billion of computing power on short notice at premium prices, and its margins got worse as a result.
· Morning Brief
The line for the money gets longerCNBC reports OpenAI is close to finalizing a funding round of up to $30 billion at a $1.25 trillion pre-money valuation, led by investors from the United Arab Emirates alongside Coatue.
· Closing Time
Closing Time: China puts a lock on its AIReuters reports China proposed export controls on 23 AI technologies on Friday, from models and agents to computing clusters, tightening its grip on tools it sees as vital to national security.
· Morning Brief
The AI boom is running on borrowed moneyThe Wall Street Journal reports Broadcom is working to arrange more than $50 billion in financing for the custom AI chip it is building with OpenAI, with Apollo Global Management and Blackstone among the lenders in talks.
· Closing Time
Closing Time: ChatGPT is done just talkingOpenAI is rolling out GPT-6 in ChatGPT with Intelligent UI, answering with diagrams, charts, buttons and tools it builds on the spot (The Verge).