As publicly traded companies in the US announce their Q3 earnings reports, an important piece of news came from Facebook. The company announced that it expects its XR (extended reality) investments to exceed $10 billion this year and informed investors that it plans to spend more than this figure in subsequent years.

It is no longer a secret that Facebook Reality Labs is one of the company’s most actively working departments. In parallel with this, CEO Zuckerberg now talks about virtual reality (AR/VR) technologies at almost every opportunity and gives signs of the course they have charted for the company’s future. We will see together how they will reap the fruits of such massive investments in the coming period.