Meta is now firmly focused on artificial intelligence, but its core business is still booming.

The parent company of Facebook and Instagram continues to exceed expectations for ad sales. Analysts are less sure about its big swings.

Mark Zuckerberg, the most powerful person in Silicon Valley, doesn’t want to take the path where artificial intelligence automates everything and puts people out of their jobs. Instead, his vision for creating “personal intelligence” is rooted in the idea that people should use AI to achieve their personal goals.