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Meta Invests $3.5B in Ray-Ban, Oakley Maker to Create AI Smart Glasses
Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two companies have been in partnership since 2020, collaborating on glasses featuring artificial intelligence technology.
Meta Invests Billions In EssilorLuxottica, AR Wearables
As Meta prioritizes wearable technologies, its 3% stake of EssilorLuxottica could potentially increase to 5%, according to a report by Bloomberg. Meta CEO Mark Zuckerberg has predicted that smart glasses will overtake smartphones in the next decade.
Meta Platforms is looking to deepen its relationship with its smart-glasses partner as part of a new vision of the Metaverse.
Meta's new “superintelligence” team has some of the highest compensation of any corporate job. Read more at straitstimes.com.
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Meta Platforms is looking to deepen its relationship with its smart-glasses partner as part of a new vision of the Metaverse.
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