Meta earnings live updates: AI spending, ad revenue and stock reaction

Meta is slated to report third-quarter earnings after the bell on Wednesday, and investors will be looking for signs that the company's latest artificial intelligence efforts will bolster future sales. It's been a big quarter for Mark Zuckerberg's company due to the initial success of the Muse AI personal assistant tool that debuted in September and shot to the top of Apple's iOS app store. That AI momentum helped Meta end September with its best month on Wall Street since 2022. Meta isn't the first to create a digital assistant that can organize people's email and scan the web for headphone deals, but the company's empire, which includes Facebook and Instagram, has helped introduce AI agents to the masses.