Mark Zuckerberg attributed the 'good quarter' to AI progress across Meta's apps and business, emphasizing the positive impact on nearly all aspects of their work.
Meta's focus on AI has resulted in 'rapid adoption' of its chatbot and Llama AI models, even as costs are expected to increase significantly.
The company expects capital expenditures between $38 billion to $40 billion this year, signaling a strong commitment to growing their AI infrastructure.
Emarketer analyst Jasmine Enberg noted that despite rising AI spending, Meta's solid Q3 revenue should reassure investors about the company's financial health.
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