Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes (finance.yahoo.com)

Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.

Yes obviously this would be the case. They're taxes on income, not revenue. If they decide to invest in the future, it eats into their income.