Essilorluxottica declined to remark, however Meta didn’t reply instantly when contacted by Reuters (File) | Photograph Credit: Reuters
Meta Platforms has acquired a virtually 3% stake in eyewear maker Essilorluxottica. This was advised Reuters on Tuesday amid rising curiosity in AI-powered wearable units.
To take a position billions of {dollars} to boost AI infrastructure, new customers might be attracted by sprucing wearable expertise utilizing synthetic intelligence capabilities.
Essilorluxottica declined to remark, however Metah didn’t reply instantly when contacted by Reuters.
In keeping with Bloomberg Information, Meta is contemplating additional investments that bought roughly 3 billion euros ($3.52 billion) of shares at present market costs at Essilorluxottica at its present market value and reported improvement earlier within the day.
The social media big collaborated with Oakley to launch AI-powered sensible glasses final month, increasing its push to wearable expertise after the success of Ray-Ban Meta Glasses, which has been bought by hundreds of thousands since its launch in 2023.
The Oakley Meta HSTN includes a hands-free high-resolution digital camera, open-ear audio system, water resistant and meta-AI performance.
Essilorluxottica plans to extend its sensible glasses manufacturing capability and hopes to develop its collaboration with Meta to different manufacturers, Francesco Mirelli stated in February.
