Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two ...

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The deal arrives one month after Meta debuted new Oakley Meta AI smart glasses in partnership with the eyewear company.

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Meta Platforms is looking to deepen its relationship with its smart-glasses partner as part of a new vision of the Metaverse.

The minority stake in EssilorLuxottica will allow Meta to continue its push to manufacture smart glasses with AI features.