finance.yahoo.com

Amazon Faces Risk of Losing Data-Center Tax Incentives Amid AI Boom Costs

Amazon logoAmazon
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Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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Alphabet (Google) logoAlphabet (Google)
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AI infrastructure costs have surged, with spending last year reported at over $1.5 billion, far above early estimates. Lawmakers are debating whether businesses including Amazon should keep long-term tax privileges tied to data-center projects. Ohio and other states are revisiting or rolling back sales-tax and similar incentives due to rising power use, potentially increasing the cost of building AI capacity.

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