Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership
Facebook owner Meta has explored a multibillion-euro investment in eyewear group EssilorLuxottica, as the social media platform intensifies its push to develop smart glasses.
Meta’s chief Mark Zuckerberg has spent billions of dollars in recent years to enter the wearable technology market, such as by creating virtual reality headsets. Meanwhile, Paris-listed EssilorLuxottica has also pushed for deals that can attract a new generation of shoppers.How many times does Ireland have to be warned about shadow banking?
The latest version of the glasses allows users to live-stream what they see directly on to Facebook and Instagram. In the US, the glasses are integrated with Meta’s artificial intelligence assistant, giving owners the ability to ask the glasses for more information about what is in front of them. Zuckerberg said on an April earnings call that the company’s outlook for smart glasses had “improved quite a bit” and that it was one of the “bigger areas” that the company was investing into in its AR and virtual reality department, Reality Labs.
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