Reported 22 days ago
Meta Platforms Inc. has acquired a minority stake of nearly 3% in EssilorLuxottica, the world's largest eyewear manufacturer, for approximately €3 billion ($3.5 billion), reinforcing its commitment to the smart glasses market. This investment aligns with CEO Mark Zuckerberg’s strategy to delve deeper into AI and hardware, moving beyond reliance on competitors' smartphones. The partnership builds on their collaboration to develop AI-powered smart glasses, including the Ray-Ban and Oakley-branded models.
Source: YAHOO