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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.
The investment represents nearly 3% of the eyewear company's shares and signals Meta's growing interest in AI-powered wearable technology.
Facebook owner Meta has opened a £12million audio research laboratory in Cambridge as it steps up its work on AI-powered ...
Chancellor Rachel Reeves said: "Reeves said: "Meta's investment is a huge vote of confidence in the UK as a hub for ...
Today (09 July 2025), Meta has opened a new 16 million dollar (£12m) audio research lab in Cambridge, which is in the UK ...
Meta Platforms is looking to deepen its relationship with its smart-glasses partner as part of a new vision of the Metaverse.
Shares of Meta Platforms ( META 0.87%) were moving higher again in June as the social media giant benefited from the broader ...
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