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Meta’s third-quarter profit surges 35% reflecting strong ad revenue

By Inquirer - 3 weeks ago
Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday fueled by its advertising revenue growth and its push to incorporate artificial intelligence. But the Instagram and Facebook parent company warned that it expects a “significant acceleration” in infrastructure spending next year as it continues to pour money into developing AI. READ: Meet your new assistant:

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