AR is going to become a big thing, the hardware just needs to get there first (and it is indeed getting closer)
This has been the case the entire time, it's always been a promising technology. It's not a new thing at all (then again, neither were LLMs, really. Most people just didn't have this insight into the field)
Remember that a loooot of that goes to stuff like funding research, as that's the domain of universities beyond just education. I don't think it's unreasonable at all