Meta Platforms has forecasted third-quarter revenue above analysts' estimates, with its shares rising 11% in extended trading. CEO Mark Zuckerberg attributed the strong results to artificial intelligence powering Meta's core advertising business. The company raised its annual capital expenditures forecast by $2 billion, citing AI-driven investments as a key factor. Meta expects total revenue of $47.5-50.5 billion for the third quarter, with year-over-year growth in the fourth quarter expected to be slower. The company plans to spend hundreds of billions of dollars on AI data centers and has offered over $100 million in pay packages to researchers from rival firms.