WASHINGTON, Oct. 15 -- Sen. Catherine Cortez Masto issued the following press release:
Las Vegas, Nev. -U.S. Senators Catherine Cortez Masto (D-Nev.), Ron Wyden (D-Ore.), Sheldon Whitehouse (D-R.I.), Elizabeth Warren (D-Mass.), and Maggie Hassan (D-N.H.) called on Meta, Facebook's parent company, to justify its use of billions in federal research and development (R&D) tax credits to fund its rapid buildout of AI data centers in a letter to CEO Mark Zuckerberg.
According to recent reporting, Meta claimed its AI data centers are experimental "pilot models," and therefore eligible for federal R&D tax credits. These tax credits are intended to incentivize experimental research, not to scale up existing infrastructure. As Meta spends billions ...