Tech group reveals it put $19.9bn into its Reality Labs division, which develops its smart glasses and headsets, last year

Meta (META) is making a significant push into virtual reality (VR) and smart glasses, with its investments expected to exceed $100 billion by

The inside is a sad sight with month-old Thanksgiving leftovers, a carton of eggs, soda, condiments, a tub of Greek yogurt, and a big jug of maple syrup. Meta-AI-as-John-Cena replies that I can make a “variety of breakfast dishes,” such as “scrambled eggs, omelets, or yogurt parfaits.”

Meta is on course to top $100 billion worth of investment into augmented and virtual reality as the social networking firm pushes its smart glasses.

Meta (META) stock climbed by around 4% in after-hours trading after chief executive Mark Zuckerberg said on the company’s earnings call that itplans to invest “hundreds of billions of dollars” in artificial intelligence infrastructure in the longterm.

Meta CEO Mark Zuckerberg revealed sales figures for the company’s Ray-Ban smart glasses for the first time, telling employees that over 1 million units were sold in 2024. In remarks during an all-hands meeting seen by The Verge, Zuckerberg posed a question to staff about whether sales would go from 1 million to as much as 5 million units in 2025.

Meta's investment in VR/AR could surpass $100B by 2025, with $80B already spent. It sold 1M Ray-Ban glasses in 2024, with $85B invested in Reality Labs.

Detailed price information for Meta Platforms Inc (META-Q) from The Globe and Mail including charting and trades.