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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.