Meta forecasts bigger capital costs next year as Zuckerberg lays out aggressive AI buildout

By Jaspreet Singh and Echo Wang (Reuters) -Meta on Wednesday forecast "notably larger" capital expenses next year thanks to investments in artificial intelligence, including aggressively building data centers to power its AI push. The Facebook and Instagram parent reported third-quarter revenue growth of 26% that beat market estimates, but that jump was outpaced by a ​32% increase in costs. Shares of the company - that have risen 28% so far this year - fell 8% after the bell, as Wall Street digested Zuc ...