States Face Billions in Lost Tax Revenue from AI Data Centers; Bernie Sanders Demands Regulation

Summary

Several US states, including Ohio, Virginia, Georgia, and Texas, are facing significant revenue losses due to tax exemptions granted to AI data centers, with Ohio alone losing $1.6 billion, ten times more than projected. This has led to calls for increased regulation and taxation on big tech and AI companies from politicians like Ohio Rep. Tristan Rader and Senator Bernie Sanders, who introduced the Ban Artificial Superintelligence Act.