To put that in perspective, Meta has spent roughly $60 billion on its Reality Labs division since 2019. Now, Meta wants to spend another $5 billion more than that on AI in one-fifth of the time.

Meta's metaverse and Reality Labs have never really been appreciated by the market. I think this is a fundamental error.

Reality Labs is Meta’s long-term bet on the future of virtual and augmented reality (VR/AR), which lost $18 billion in 2024. Below is a look at the long-term potential of Meta’s Reality Labs ...