Here’s an interesting report to discuss, as it claims that a European AI cloud firm managed to secure a substantial tax break on NVIDIA’s AI chips, only to use them for crypto-mining. AI Cloud Firm Northern Data Reportedly Purchased a Huge Chunk of NVIDIA’s AI Chips, But For Crypto-Mining The demand for AI chips is so massive worldwide that governments are enabling firms to build up their computing power through incentives and measures such as tax breaks. However, a European AI firm, Northern Data, is being investigated by Swedish authorities for receiving a tax break worth approximately €100 million, compared […]
Read full article at https://wccftech.com/ai-firm-probed-for-fraud-over-a-massive-vat-break/