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Tech Industry Warns US Investment Pledges Hinge on Research Tax Break
An anonymous reader shares a report: Major tech companies lobbying to salvage a tax deduction for research and development are warning they may pull back from high-profile pledges of new US investments if Congress doesn't fully reinstate the break.
Big tech companies have pledged more than $1.6 trillion in investments in the US since Donald Trump took office, promising to build factories and data centers in alignment with Trump's push to build in America. But industry representatives are signaling those promises will be imperiled if Congress doesn't fully reinstate the R&D tax deduction, which was pared back to help offset the massive cost of President Donald Trump's 2017 bill. At the time, it was estimated that limiting the provision would temporarily raise about $120 billion from 2018 to 2027.
"A lot of those announcements are predicated on an expectation the administration and Congress will partner together on reinstating those R&D provisions," said Jason Oxman, president of the Information Technology Industry Council, a trade group that includes among its members Amazon, Apple, Anthropic, Alphabet, and IBM. Lobbyists representing tech companies that announced US investments have made similar claims to congressional aides and lawmakers, according to people familiar with the conversations.
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Prompt Engineering is Quickly Going Extinct
The specialized role of prompt engineering, not long ago heralded as a promising new career path in AI, has virtually disappeared just two years after its emergence. Many companies are now considering strong AI prompting a standard skill rather than a dedicated position, Fast Company reports, with some firms even deploying AI systems to generate optimal prompts for other AI tools.
"AI is already eating its own," Malcolm Frank, CEO of TalentGenius, told the publication. "Prompt engineering has become something that's embedded in almost every role, and people know how to do it. It's turned from a job into a task very, very quickly." The prompt engineer's decline serves as a case study for the broader AI job market, where evidence suggests AI is primarily reshaping existing careers rather than creating entirely new ones.
Further reading: 'AI Prompt Engineering Is Dead.'
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AI-Generated 'Slop' Threatens Internet Ecosystem, Researchers Warn
Researchers are sounding alarms about the proliferation of AI-generated content -- dubbed "slop" -- that may be overwhelming the internet's human-created material. Fil Menczer, distinguished professor of informatics at Indiana University, who has studied social bots since the early 2010s, is now expressing serious concern about generative AI's impact. "Am I worried? Yes, I'm very worried," he told Bloomberg.
Another research from Georgetown University found over 100 Facebook pages with millions of followers using AI-generated images for scams. According to Tollbit, a company that helps publishers get compensated when their sites are scraped, web scraping volume doubled from Q3 to Q4 2024, causing significant strain on sites like Wikipedia during high-traffic events.
The situation creates a dangerous feedback loop where AI content is generated to please AI recommendation systems, potentially marginalizing human creators. Jeff Allen of the Integrity Institute told Bloomberg this resembles "the algae bloom that can blow up and suffocate the life you would want to have in a healthy ecosystem."