Meta's AI strategy includes rolling out its Llama family of models across its consumer offerings and advertiser products, while also offering the platform as open-source software.
For the third quarter, Wall Street expects Meta to report earnings per share of $5.25 on revenue of $40.2 billion, reflecting strong growth from last year.
Meta's advertising revenue is projected to rise significantly in the third quarter, expected to reach $39.7 billion, up from $33.6 billion in the previous year.
The company is developing its own search functionality for Meta AI, aiming to minimize dependency on Google's and Microsoft's search engines for answering user queries.
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