<ul data-eligibleForWebStory="false"><li>Meta has invested $3.5 billion in EssilorLuxottica, the company behind Ray-Ban and Oakley, to develop AI smart glasses.</li><li>The investment deepens Meta's commitment to smart glasses, with a potential increase in stake from almost 3% to 5%.</li><li>Meta and EssilorLuxottica have a history of collaboration in smart glasses, including the release of Ray-Ban Stories and Oakley smart glasses designed for athletes.</li><li>Meta faces competition in the AI eyewear market from tech giants like Apple and Google, with Meta shifting its focus from social media to AI and virtual reality.</li></ul>

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

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