Meta Platforms Inc. reported impressive third-quarter earnings, posting $15.69 billion in profit, driven largely by advertising and AI advancements. Despite solid revenue of $40.6 billion, the company saw a dip in after-hours trading as daily active users fell short of Wall Street expectations. CEO Mark Zuckerberg highlighted ongoing AI progress and a 29% revenue increase in its Reality Labs unit, though operating losses rose to $4.4 billion. Meta anticipates a significant rise in infrastructure spending in 2024, showcasing its commitment to AI while facing legal challenges related to product safety.