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BusinessOctober 3, 2026, 01:25

Meta labeled AI data centers 'experimental' to cut $6 billion from its tax bill

Meta classified some AI data centers as 'pilot models' to claim research tax credits on AI chips, saving $2 billion in 2024 and $3.9 billion in 2025, according to the New York Times. Auditor EY approved the approach, while Meta's reserve for potential IRS challenges rose 45% to $18.74 billion.

Meta labeled AI data centers 'experimental' to cut $6 billion from its tax bill
#Meta#IRS#EY
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