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    Silicon Valley Nvidia AI economics

    Silicon Valley Giants Rescue California from Budget Crisis with Massive Tax Revenue

    November 22, 2024 • 1 min read

    California's projected $68 billion budget deficit finds unexpected relief through billions in tax contributions from tech giants Nvidia, Apple, Google, and Meta. The companies' soaring profits, particularly Nvidia's AI-driven success, have provided critical financial support allowing the state to avoid emergency cuts.

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