Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports

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• Industry experts warn that slow US power grid expansion could stifle its AI boom and give China an edge, as China builds power infrastructure faster (Martha Muir/Financial Times)

  Infrastructure limitations are emerging as a major vulnerability for American technological growth, according to industry specialists. Because electricity networks are struggling to keep up with surging demand, artificial intelligence development risks falling behind foreign competitors. Meanwhile, rapid foreign utility expansion is poised to reshape the international balance of power in advanced computing.

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• Tencent built an empire on WeChat and gaming. Can it keep up in China's AI race?

  Rapid shifts toward artificial intelligence are testing the resilience of established Chinese technology giants against aggressive competitors. Market participants increasingly question if a traditionally measured corporate culture risks ceding leadership in consumer tech to faster-moving peers. Sustained investor skepticism has consequently dampened equity performance despite Tencent retaining massive underlying distribution channels.

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• ITjuzi: Chinese embodied AI companies raised ~$13B across 322 deals in H1 2026, up 5x YoY, as robot makers shift focus from hardware to AI (Reuters)

  Investors are pouring unprecedented capital into robotics ventures as industry leaders reprioritize intelligent software over mechanical design. This massive influx of resources reflects a strategic pivot across China to accelerate advanced autonomy and cognitive features. The resulting wave of funding positions machine intelligence at the forefront of future commercial robotics deployment.

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