Reality Labs is a research and development division of Meta Platforms, Inc., formerly known as Facebook. It focuses on creating advanced technologies in virtual reality (VR) and augmented reality (AR), aiming to build immersive experiences for users. The division is known for developing products like the Oculus VR headsets and exploring new ways to connect people through digital environments. By investing in these technologies, Reality Labs seeks to shape the future of social interaction and entertainment in a more interactive and engaging manner.