Overview

• Meta plans to invest up to $5 billion in EssilorLuxottica to deepen its smart glasses partnership.
• The new generation of Ray-Ban Meta smart glasses has outperformed previous versions in sales.
• Google is also in talks with EssilorLuxottica to integrate its AI assistant into future eyewear.
• EssilorLuxottica recently acquired streetwear brand Supreme for $1.5 billion.
• Meta has received US antitrust clearance for the potential investment.