<ul><li>Meta's CEO Mark Zuckerberg announced that the company will continue to invest heavily in artificial intelligence (AI) development.</li><li>The company reported better-than-expected Q3 earnings and attributed its success to progress in AI across its apps and business.</li><li>Meta expects to spend between $38 billion to $40 billion in capital expenditures for the year, reflecting its commitment to AI research and development.</li><li>The focus on AI has led to increased costs, but Meta believes that AI can drive efficiency and cost savings in various areas of their business.</li></ul>

Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

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