Meta applies for high tax credits using AI data centers

According to The New York Times, Meta is leveraging the U.S. research and development tax credit policy to apply for billions of dollars in tax benefits for its artificial intelligence data centers. Last year, this policy helped Meta reduce its tax burden by nearly $4 billion, but internal accountants warned that this move carries legal risks.

A partner at the tax consulting firm BPM stated that classifying AI data centers as research and development projects is "beyond the norm."