“And if we generate significant engagement and revenue gains, we will continue investing here. And if we don’t, we will pace our spending accordingly.”

In context

“ure spend. But so far, we’ve seen continued strong impact on our recommendations products from advancing developments in our AI work. In the Q2 call, we had shared that a single AI advancement in scaling our recommendations models had led to a 15% watch time gain for Facebook Reels, and that gain has continued to grow. And we expect that there will be additional watch time improvements coming from that work. On the ad side, we’re also continuing to roll out more AI and ML improvements in some of the new ads offerings, and we’re encouraged by all of the early examples that we’ve seen. So this is something that we will be watching very closely. We think we’re early in this journey, but our level of CapEx investment will depend on the returns that we generate through these investments in AI. And if we generate significant engagement and revenue gains, we will continue investing here. And if we don’t, we will pace our spending accordingly. Operator: Your next question comes from the line of Mark Shmulik with Bernstein. Mark Shmulik: Yes. Hi, thanks for taking the question. A couple, if I may. Mark, the first one, you kind of mentioned in your opening remarks that you expect to get back to kind of revenue growth in 2023. Any color you can share on kind of the key drivers behind that? And how much of that is – excuse me, macro-driven versus some of these initiatives that you guys are working on? And then secondly, for Susan, as we think about kind of the operating expense guidance into 2023, I know historically, those numbers have tended to skew a bit conservative. How much conservatism is baked in there? And how much flexibility is there to kind of toggle some of those expenses depending on the health of core? Thank you. Dav”