Hold onto your hats, folks! Meta has just dropped a cool $3.5 billion on a minority stake in Essilor Luxottica, the world’s largest eyewear manufacturer. Why, you ask? Well, it’s all part of their cunning plan to conquer the AI glasses market, of course!
This investment, which amounts to just under 3% of the Ray-Ban maker, shows Meta’s unwavering commitment to developing AI-powered eyewear. Building on their existing collaboration, which includes the Ray-Ban smart glasses launched in 2021, this move is being hailed as a vote of confidence in Essilor Luxottica and the potential of the smart glasses industry. Analysts predict that this market will grow significantly in the coming years, and Meta is clearly not one to miss out on a trend. 🤓
But wait, there’s more! Meta is considering increasing its stake to around 5% over time, leveraging Essilor Luxottica’s manufacturing expertise and distribution networks to enhance its hardware capabilities. CEO Mark Zuckerberg’s focus on AI and the vision of integrating smart glasses into everyday life is no secret, and with the market for such products expected to reach $8.26 billion by 2030, it’s clear that the future is looking very smart indeed. 😎
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2025-07-09 21:57