Tax

Meta is claiming that the costly AI computer chips it buys from companies like Nvidia are entitled to a taxpayer-provided discount under a tax credit created in the 1980s to spur innovation. The company is reportedly using the credit to avoid billions in federal taxes on its AI data centers.

Business • The New York Times

AI chatbots give wrong answers to financial queries "most of the time," according to a Saturnos report covered by the Financial Times. The report and commentators note that models may be decent at general personal finance principles, but training lag on tax policy makes them unreliable for direct money decisions.

AI Reliability • Financial Times