Underscoring its commitment to smart glasses, Meta Platforms has reportedly invested $3.5 billion in EssilorLuxottica SA, the world’s largest manufacturer of eyewear. The move gives Meta around a three percent stake in the Paris-headquartered firm, and expands an existing relationship for brand deals that resulted in the casual Ray-Ban Meta AI glasses released in 2021 and an athlete-focused Oakley Meta HSTN AI line announced last month. Neither Meta nor EssilorLuxottica has publicly commented on the equity buy-in yet, though it has been reported Meta may increase its stake to five percent. Continue reading Meta Investing $3.5B in Smart Glass Partner EssilorLuxottica

Snap Inc. announced it will launch a “lightweight, immersible” consumer line of AR smart glasses called “Specs” in 2006 (breaking from its “Spectacles” branding). Announcing the sixth-generation of its glasses at the Augmented World Expo conference this week, Snap CEO Evan Spiegel said the eyewear offers “an ultra-powerful wearable computer integrated into a lightweight pair of glasses with see-thru lenses.” Spiegel explained the glasses will be untethered, which suggests they may be powered by the new Qualcomm Snapdragon AR1+ Gen 1 chip, also announced at AWE. Coming a decade after Snap’s first attempt at consumer AR glasses, Specs leverage a $3 billion investment in 11 years of R&D. Continue reading Snap to Launch Specs Consumer Smart Glasses Line in 2026