
AI
Meta's tax bill dropped 71% while it spent $72 billion on AI
Meta is telling the IRS its AI data centers are experimental, a classification that let its federal tax expense drop from $9.6 billion to $2.8 billion in a single year.
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Meta is telling the IRS its AI data centers are experimental, a classification that let its federal tax expense drop from $9.6 billion to $2.8 billion in a single year.