Meta's investments in virtual and augmented reality projects could exceed $100 billion this year.
Meta last year invested nearly $20 billion in its Reality Labs unit, setting a new record in spending.
The company's virtual reality and augmented reality spending has topped $80 billion since 2014, and an additional $20 billion will be added this year.
CEO Mark Zuckerberg sees 2025 as the defining year for Meta's smart glasses and plans to invest $60 billion to $65 billion in artificial intelligence this year.