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

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

by Maria Vaughan
0 comments



Meta Acquires $3.5 Billion Stake in Ray-Ban Maker to Expand Smart Glasses StrategyMeta has invested approximately $3.5 billion for a minority stake in Essilor Luxottica, the world’s largest eyewear manufacturer, as part of its strategy to expand into the artificial intelligence (AI) glasses market. The acquisition, which amounts to just under 3% of the Ray-Ban maker, reflects Meta’s commitment to developing AI-powered eyewear, building on their existing […]



Source link

You may also like

Leave a Comment

About Us

Advertisement

Latest Articles

© 2024 Technewsupdate. All rights reserved.