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Meta warns of 'significant acceleration' in AI-related costs after strong third quarter

Meta warns of ‘significant acceleration’ in AI-related costs after strong third quarter

Facebook owner Meta Platforms beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in artificial intelligence-related infrastructure spending. The results sent mixed signals to investors about whether digital ad… Meta warns of ‘significant acceleration’ in AI-related costs after strong third quarter