Artificial intelligence is rapidly reshaping business models, tax administration and the global economy. This panel will explore the tax implications of the AI revolution, from the infrastructure powering AI to the taxation of AI-driven businesses and services. Speakers will examine data centre incentives, energy and infrastructure costs, jurisdictional competition for AI investment and the growing debate over who should bear the cost of the AI buildout. The discussion will also consider where value is created within the AI ecosystem, including the roles of data, compute, intellectual property and customers, and the resulting challenges for transfer pricing, sourcing, permanent establishment and Pillar Two. Finally, the panel will explore emerging proposals to tax AI, including compute, token and robot taxes, as well as broader approaches aimed at balancing innovation, competitiveness and the distribution of economic gains from artificial intelligence.