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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.
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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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