<ul data-eligibleForWebStory="false"><li>Meta has purchased a 3% stake in EssilorLuxottica, the maker of Ray-Ban and Oakley glasses, one of Meta's smart glasses partners.</li><li>The stake is valued at about €3 billion ($3.5 billion) as reported by Bloomberg.</li><li>Meta and EssilorLuxottica have collaborated on AI-powered smart glasses, with Meta selling Ray-Ban and Oakley glasses featuring AI technology.</li><li>The reported deal signifies Meta's focus on distributing its services through its own devices and offers EssilorLuxottica a stronger presence in the tech industry.</li></ul>

Meta Reportedly Buys 3% Stake in Smart Glasses Partner EssilorLuxottica

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