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Meta Invests $3.5B in Ray-Ban, Oakley Maker to Create AI Smart Glasses
Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two companies have been in partnership since 2020, collaborating on glasses featuring artificial intelligence technology.
By Elisa Anzolin and Juby Babu (Reuters) -Shares in EssilorLuxottica, the maker of Ray-Ban glasses, jumped on Wednesday after ...
Intel (INTC) is cutting its stake in Mobileye (MBLY), planning to sell $900 million in shares. According to Bloomberg, Meta ...
Meta buys 3% stake in EssilorLuxottica, signaling deeper push into smart glasses as interest in AI wearables grows.
16hon MSN
Find insight on Chinese pharmaceutical companies, EssilorLuxottica and more in the latest Market Talks covering Health Care.
For around 3.5 billion US dollars, Meta is acquiring a 3 percent stake in Essilor Luxottica –, the eyewear manufacturer behind Ray-Ban, Oakley and Co.
Fundsmith Equity manager Terry Smith began to build stakes in Zoetis, Intuit and EssilorLuxottica in H1, while he blasted ...
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