Will the new presidential administration play nice with large technology companies?
For now, it looks like there are some warm feelings — as President Donald Trump on Tuesday announced a major investment in artificial-intelligence infrastructure that calls for OpenAI, SoftBank Group Corp. 9984 SFTBY and Oracle Corp. ORCL to create a joint venture named Stargate that will focus on data centers and other infrastructure projects.
Trump described Stargate as “a new American company that will invest $500 billion at least in AI infrastructure in the United States,” promising that it’ll create more than 100,000 American jobs.