Reposted by Ashley Jester
Meta tells investors its AI is a tremendous success. It tells the IRS its data centers are an experiment that could fail.
Why? Only experiments qualify for this tax break. Meta is exploiting it, labeling its proven chips "research" to get a $4B tax break.
nytimes.com
How Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes
Meta is exploiting a lucrative tax break intended to support research and experimentation. Its own accountants say the gambit is risky.