AINew York Times1h ago
Meta is aggressively claiming a tax credit for AI data center
Sources: Meta is aggressively claiming a tax credit for AI data center build-outs by classifying facilities as experimental and writing off Nvidia chip supplies
TL;DRMeta is using tax loopholes to claim credits for AI data center spending.
Why it matters: Aggressive tax strategies by Big Tech reduce public revenue while competitors pay full rates.
Mark Zuckerberg says Meta's A.I. push is a tremendous success. “Our investments in A.I. are accelerating every major part of our core business,” he has told investors.
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