A post by @FirstSquawk on X.

Oracle has scrapped a $7 billion AI computing deal with Tencent after coming under pressure from the Trump administration, according to the Financial Times. The agreement would have had Oracle provide cloud and AI infrastructure capacity to the Chinese tech giant, but Washington's scrutiny of US-China technology ties ultimately derailed it. The reversal underscores how geopolitical considerations are increasingly shaping large-scale AI infrastructure contracts, even for established American vendors with deep China exposure. It also raises questions about Tencent's ability to secure sufficient compute capacity for its AI ambitions as US export controls and political friction constrain access to American hardware and cloud services. What to watch next: whether Tencent redirects the spend to domestic providers such as Huawei or Alibaba, and whether other US cloud deals with Chinese customers face similar political review.