Over the last 100 years, technology has changed our world. Over the next decade it will transform our reality. AI and immersive media will permeate society, mediating our lives by altering what we see, hear, and experience. This future will be enabled by powerful AI systems and lightweight immersive eyewear that splash digital content all over our physical surroundings, enhancing and embellishing our world. As the boundaries between the real and the virtual disappear, technology will expand what it means to be human. It will also unleash significant new risks to our privacy, autonomy, and even our identity. Our Next Reality debates whether the new world we’re creating will be a technological utopia or an AI-powered dystopia and gives guidance on how to aim for the best future we can.