Meta Acquires $3.5 Billion Stake in Ray-Ban Maker to Expand AI Glasses Strategy

Meta has invested astir $3.5 cardinal for a number involvement successful Essilor Luxottica, the world’s largest eyewear manufacturer, arsenic portion of its strategy to grow into the artificial quality (AI) glasses market. The acquisition, which amounts to conscionable nether 3% of the Ray-Ban maker, reflects Meta’s committedness to processing AI-powered eyewear, gathering connected their existing […]