Meta uses U.S. research tax credits for AI data centers

The New York Times reports Meta sought billions in U.S. research tax-credit relief for AI data centers, describing the projects as “experimental R&D” and treating AI compute chips purchased from suppliers including NVIDIA as eligible R&D inputs. Documents cited by the report say the credit cut Meta’s tax bill by nearly $4bn last year, with internal accountants warning of legal risk and potential IRS challenge.