What comes after the iPhone? Meta thinks its Orion glasses might just have what it takes — even if that means burning through billions developing it.

Unlike the upcoming Orion glasses that have smart lenses, the current generation Ray-Ban Meta glasses have ordinary lenses. They have speakers next to each ear, a microphone and a camera that can take still or video pictures. They can see and talk, but they can’t change what you see.

Meta debuted its first pair of augmented reality glasses, devices that show a combined view of the digital and physical worlds, a key step in CEO Mark Zuckerberg’s goal of one day offering a hands-free alternative to the smartphone.