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flag Meta buys a 3% stake in EssilorLuxottica for $3.5 billion to advance AI smart glasses tech.

flag Meta Platforms has acquired a nearly 3% stake in EssilorLuxottica, the world's largest eyewear maker, for around $3.5 billion, to boost its investment in AI-powered smart glasses. flag This follows successful collaborations on Ray-Ban and Oakley smart glasses and aligns with Meta's expansion into wearable technology. flag EssilorLuxottica, aiming to increase smart glasses production, plans to broaden its partnership with Meta across other brands.

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