Why Mark Zuckerberg is spending billions on AI and isn’t looking back
Meta Platforms, Inc. reported a strong third-quarter revenue of $40.59 billion, surpassing market expectations. CEO Mark Zuckerberg attributes this success to AI-driven advancements across their products and services, which enhance user engagement and advertising. The company plans to increase capital expenditures for AI infrastructure to maintain growth and develop proprietary AI models for improved user experiences.
