Particle.news

Download on the App Store

Meta Acquires Nearly 3% Stake in EssilorLuxottica to Drive AI Smart Glasses Push

Meta’s investment highlights its intent to increase its stake to 5 percent to support scaled production of AI-powered smart glasses by EssilorLuxottica.

People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas/ File Photo
Image
Image
Image

Overview

  • The acquisition solidifies Meta’s partnership with EssilorLuxottica that began in 2019 to co-develop AI-enabled eyewear under the Ray-Ban and Oakley brands.
  • Ray-Ban Meta smart glasses have sold millions of units since their 2023 introduction, prompting an expanded roadmap of intelligent eyewear.
  • In June the Oakley Meta HSTN launched with a hands-free high-resolution camera, open-ear speakers, water resistance and integrated Meta AI capabilities.
  • EssilorLuxottica CEO Francesco Milleri confirmed plans to boost production capacity for smart glasses and to extend the collaboration to additional brands.
  • The stake aligns with Reality Labs’ broader AI infrastructure investments aimed at positioning smart glasses as a mainstream consumer platform.