Sources: Meta bought just under 3% of Ray-Ban maker EssilorLuxottica, a stake worth ~€3B, and is considering more investment to build its stake to ~5% over time
finance.yahoo.com/news/meta- in... X: Nik / @ns123abc : > Meta acquired 3% of EssilorLuxottica > Meta to build investment to 5% > Zucc plans to dominate hardware manufacturing and lock-in retail distribution for ai https://www.bloomberg.com/... Billy Walters / @investsportsx : @amitisinvesting Zuck may be eyeing on device LLMs + AR/VR neural tech think smart glasses + conversational AI. Especially with Meta's Reality Labs and Ray Ban partnership. Andrew Curran / @andrewcurran_ : If you have listened to a META earnings call in the last year you know how Mark Zuckerberg feels about the glasses; he loves them. He believes smart glasses are the future, and he thinks META's will be so popular that he wants to offer a wide variety of styles. [image] Chris / @chatgpt21 : Breaking 🚨: Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica After poaching multiple people from Open Ai Zuck has been on a kill streak [image] Francisco Jeronimo / @fjeronimo : Meta has sold nearly 2.6 million smart glasses in partnership with @EssiLux . With the smart glasses category expected to grow at a CAGR of 47% between 2024 and 2029 (according to IDC), Meta's announcement to invest in EssilorLuxottica is another step forward to continue dominating this growing category. Ray Wang / @rwang07 : Meta and Zuck is on a unstoppable run right now. Bloomberg reported that Meta acquired just under 3% of Ray-Ban maker EssilorLuxottica, a stake worth around $3.5 billion, which could increase to 5% overtime. [image] Forums: BeauHD / Slashdot : Meta Invests $3.5 Billion in World's Largest Eye-Wear Maker in AI Glasses Push 4
“For EssilorLuxottica, the deal provides a deeper presence in the tech world, which would be helpful if Meta's futuristic bets pay off. Meta is also betting on the idea that people will one day work and play while wearing headsets or glasses.”
Meta has sold nearly 2.6m smart glasses in partnership with EssilorLuxottica. The category is expected to grow at a CAGR of 47% (2024-2029). Meta's announcement to invest in EssilorLuxottica is another step forward to continue dominating this growing category. — finance.yahoo…
> Meta acquired 3% of EssilorLuxottica > Meta to build investment to 5% > Zucc plans to dominate hardware manufacturing and lock-in retail distribution for ai https://www.bloomberg.com/...
@amitisinvesting Zuck may be eyeing on device LLMs + AR/VR neural tech think smart glasses + conversational AI. Especially with Meta's Reality Labs and Ray Ban partnership.
If you have listened to a META earnings call in the last year you know how Mark Zuckerberg feels about the glasses; he loves them. He believes smart glasses are the future, and he thinks META's will be so popular that he wants to offer a wide variety of styles. [image]
Breaking 🚨: Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica After poaching multiple people from Open Ai Zuck has been on a kill streak [image]
Meta has sold nearly 2.6 million smart glasses in partnership with @EssiLux . With the smart glasses category expected to grow at a CAGR of 47% between 2024 and 2029 (according to IDC), Meta's announcement to invest in EssilorLuxottica is another step forward to continue dominat…
Meta and Zuck is on a unstoppable run right now. Bloomberg reported that Meta acquired just under 3% of Ray-Ban maker EssilorLuxottica, a stake worth around $3.5 billion, which could increase to 5% overtime. [image]