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Meta aggressively claims tax credit for AI data center build-outs

Meta is aggressively claiming a tax credit for AI data center build-outs by classifying facilities as experimental and writing off Nvidia chip supplies.

1 source

Key points

  • Meta claims tax credit for AI data center build-outs
  • Facilities classified as experimental
  • Nvidia chip supplies written off

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.

Read the original at nytimes.com · via TechmemeOpen source ↗
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The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.

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