• 'It's a Money Loser': Tax Breaks for Data Centers Are Under Fire

    From Leroy N. Soetoro@21:1/5 to All on Tue May 14 21:36:33 2024
    XPost: alt.california, alt.fan.rush-limbaugh, talk.politics.guns
    XPost: sac.politics, alt.politics.economics

    https://www.bloomberg.com/news/articles/2024-05-09/ai-boom-has-some- states-rethinking-subsidies-for-data- centers?utm_campaign=bw&utm_medium=distro&utm_source=yahooUS

    For years, US states have dangled tax breaks to help lure data centers,
    eager for the investment and jobs—and also the cachet of reeling in big-
    name tech companies, such as Apple, Facebook and Google. Now, in the midst
    of an artificial-intelligence-fueled building boom, those incentives are
    coming under greater scrutiny from politicians of both parties.

    At issue is that these nerve centers of the digital age typically employ
    just a few dozen workers. To run one, all that’s needed is a skeleton crew
    that includes technicians, security personnel and building-control
    specialists, whereas a factory of similar size would have hundreds if not thousands of workers.


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