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flag Ray-Ban Meta smart glasses drove 2024 revenue growth with AI features but face EU privacy scrutiny amid rising competition.

flag Ray-Ban Meta smart glasses, a collaboration between Meta and EssilorLuxottica, have driven notable revenue growth in 2024, fueled by AI features like voice-controlled photography and an AI assistant. flag Despite holding a 60% market share, the product faces mounting privacy concerns in Europe due to recording capabilities and data use, prompting regulatory scrutiny under GDPR and the AI Act. flag Meta holds at least a 3% stake in EssilorLuxottica, with potential for growth, reinforcing their strategic partnership. flag As Apple, Google, and others prepare to enter the market, competition is intensifying, raising concerns over market saturation and potential declines in traditional eyewear sales.

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