News Summary

• Reports state that Tencent has reached a deal to lease high-performance AI chips from Oracle to the tune of $7 billion over five years.
• The estimated lease price is around 43% less than an Nvidia H100 leased at $2.80 per hour on a one-year contract.
• Neon is a noble gas that's widely used in the DUV chipmaking process, with over 70% of global supply being used by the now-older lithography machines.
• Two former Groq employees and shareholders have filed a proposed class action lawsuit against Groq's former board and CEO.