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EssilorLuxottica shares jump

Reuters on MSN · 15h

EssilorLuxottica shares jump after reports that Meta bought 3% stake

By Elisa Anzolin and Juby Babu (Reuters) -Shares in EssilorLuxottica, the maker of Ray-Ban glasses, jumped on Wednesday after reports that Meta Platforms had acquired a stake of nearly 3% in the Franco-Italian company.

CNBC on MSN · 17h

Shares of Ray-Ban maker EssilorLuxottica jump 5% on reported Meta stake in AI push

Meta and EssilorLuxottica first struck up a partnership in 2019, producing two generations of Ray-Ban Meta smart glasses.

Meta Invests $3.5B in Ray-Ban, Oakley Maker to Create AI Smart Glasses

Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two companies have been in partnership since 2020, collaborating on glasses featuring artificial intelligence technology.

12h

Meta invests $5.3b in world’s biggest eye-wear maker

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

Cambridge Independent1h

Inside Facebook owner Meta’s new £12m audio research lab in Cambridge for AI-powered glasses

Facebook owner Meta has opened a £12million audio research laboratory in Cambridge as it steps up its work on AI-powered ...

1don MSN

Meta buys minority stake in eyewear giant EssilorLuxottica worth $3.5B

Meta Platforms (NASDAQ:META) has acquired a small non-controlling stake in eyewear holding company EssilorLuxottica ...

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