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Hedera's HBAR token rose 22% after IDTrust was listed on IBM Cloud and five Hedera Council members joined NVIDIA's AI safety initiative. Pepeto, a presale token with three live products, has raised over $11.1 million and is nearing a Binance listing. HBAR's price target is $0.20, with support at $0.115, according to various sources.

The Louisiana Public Service Commission will hold a three-day hearing starting Oct. 7 to evaluate Entergy Louisiana's proposed infrastructure expansion to support Meta's $50 billion data center campus. Entergy claims Meta's electricity demand exceeds 1 gigawatt, necessitating new generation and transmission projects. Environmental groups will participate, but Meta is not listed as a witness.

Meta has reportedly used a tax credit for experimental research to subsidize its AI data centers, claiming billions in credits over two years, according to the New York Times. The IRS may challenge this classification, and Meta's auditor EY has allegedly promoted the tactic to other AI companies. Meta's AI investments have strained its financials, with free cash flow dropping to $784 million in the latest quarter, down $8 billion year-over-year.

Meta claims its AI data centers are experimental to qualify for a tax credit, saving nearly $4 billion last year. The IRS may challenge this, as the credit is meant for research, not standard operations. Meta is the largest beneficiary of this tax break among publicly traded companies, according to the New York Times.

Meta saved $3.9 billion in 2025 taxes by classifying AI data centers as experimental, per NYT. The company defends this as part of $200B R&D spending, but SEC filings note legal risks. Meta's auditor, EY, approved the strategy and promotes similar tax schemes to other firms.

Meta Platforms Inc. reportedly saved $5.9 billion in taxes over 2024-2025 by classifying AI data centers as 'pilot models' under the U.S. Research and Experimentation Tax Credit, according to The New York Times. The company faces potential IRS challenges, as its filings acknowledge uncertainties about these tax benefits.