Meta told the IRS its AI data centers are experimental to shave $6 billion off its tax bill
Meta has used the experimental designation for AI data centers to save billions in tax creditsThe designation is not allowed to be used for standard business operationsMeta has labelled its AI data centers as 'pilot models' allowing the company to avoid some taxes on the AI chips that outfit its facilitiesMeta has been caught in some hot water with the US Internal Revenue Service (IRS) over the classification of some of its AI data centers as ‘experimental’ facilities.This designatio
Read more »