Meta’s AI Spending and Muse Adoption Set to Test Zuckerberg’s Strategy

Meta's AI spending, Muse assistant adoption in focus for quarterly results

Meta’s AI spending and Muse adoption set to test Zuckerberg’s strategy

Meta's upcoming third-quarter results will reflect its significant investments in artificial intelligence technologies and products. The company's revenue is expected to grow by 23.8%, despite intense competition from rival firms. Analysts predict a decline in net income, estimating it at $15.44 billion for the quarter. Investor confidence has increased due to positive responses towards its Muse personal assistant and new AI models.

Meta’s AI spending, Muse assistant adoption in focus for quarterly results

Oct 20 (Reuters) - Meta's massive artificial intelligence outlays and adoption of its Muse personal assistant will be in focus when it reports third-quarter results on Wednesday, as ​the social media firm seeks to show that its ‌AI investments can sust...