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Meta Says It's 'Making a Lot of Progress' With AI as Spending Grows

Meta Platforms (META) CEO Mark Zuckerberg said in Wednesday's earnings call that more spending on artificial intelligence (AI) products and infrastructure "is maybe not what investors want to hear in the near term," but that he feels it's necessary for the tech giant to seize opportunities in the industry. The earnings call followed an estimate-topping third quarter from Meta, with net income coming in more than $2 billion higher than expected. Advertising revenue, the bulk of Meta's revenue, beat projecti ...