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Meta Platforms (META) reportedly holds a 3% stake in EssilorLuxottica (ESL.DE), the parent company of Ray-Ban and Oakley, according to a board director. This stake could potentially rise up to 5%, though the exact number may lean toward the lower end, as shared by Jose Gonzalo, an independent director on EssilorLuxottica’s board.
The two companies are collaborating on AI-powered Ray-Ban glasses, although Meta is not currently seeking representation on EssilorLuxottica’s board.
On a related note, Google has announced plans to launch its first AI-powered glasses by 2026, indicating a growing market for wearable AI devices.
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