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deep tech TNW October 01, 2026

Meta tells the IRS its AI data centres are experiments, NYT reports

Meta tells the IRS its AI data centres are experiments, NYT reports
AI Summary

Meta tells the IRS that its AI data centres are an experiment that could fail, The New York Times reported on Wednesday. That lets Meta claim a research tax credit on the AI chips it buys. The credit cut almost $4bn off its tax bill last year.

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