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Meta, Ray-Ban and EssilorLuxottica

MarketWatch on MSN · 9h

Zuckerberg’s Meta reportedly takes stake in Ray-Ban maker, showing commitment to AI-powered smartglasses

Meta Platforms reportedly has taken a stake in EssilorLuxottica, the world’s biggest eyewear maker, as the U.S. tech giant further commits to metaverse and AI-powered smartglasses. Reuters and Bloomberg News separately reported the 3% stake that Meta has taken in the maker of Ray-Ban glasses, worth about $3.5 billion.

Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says

Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices. Sprucing up its wearable technology with artificial-intelligence capabilities could help Meta attract new users as it invests billions of dollars in bolstering its AI infrastructure.

EssilorLuxottica share price jumps on Meta’s 3% stake

Meta buys 3% stake in EssilorLuxottica, signaling deeper push into smart glasses as interest in AI wearables grows.

Meta Poaches Apple's Top AI Exec

Los Angeles Times · 1d

Apple loses top AI models executive to Meta’s hiring spree

Apple Inc.’s top executive in charge of artificial intelligence models is leaving for Meta Platforms Inc., another setback in the iPhone maker’s struggling AI efforts.

MarketWatch on MSN · 2d

Is Meta’s pricey AI hiring spree worth it? This analyst has doubts.

Meta’s push for top-tier AI talent, which could cost up to $1.4 billion, raises questions about its approach to competing with other companies, a Rosenblatt analyst says.

PCMag on MSN · 1d

Meta Poaches Apple's Top AI Exec: Where Does This Leave Apple Intelligence?

Another setback for the iPhone maker could put its AI future in jeopardy, or push it even closer to using models from OpenAI or Anthropic instead of developing its own.

Zacks Investment Research on MSN2h

Will Meta Platforms (META) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report ...

Barchart on MSN7h

Meta Is Eyeing a Voice AI Startup. How Should You Play Meta Platforms Stock Here?

Meta Platforms (META) continues its aggressive artificial intelligence expansion, with reports emerging at the end of June ...

5h

Meta’s Long-Term AI Vision Gains Support — But EU Rules and Competition Loom

Meta Platforms, Inc. (NASDAQ: META) is one of the Top 10 AI Stocks in the Spotlight . On July 3, Citizens JMP analyst Andrew ...

1don MSN

Meta's Instagram showed paid ads promoting escort services and sex work, CBS News investigation finds

CBS News uncovered multiple paid advertisements on Meta's Instagram stories feature that lead to Telegram channels that ...

Meta invests US$3.5 billion in world's largest eyewear maker in AI glasses push

Meta Platforms Inc. bought a minority stake in the world's largest eyewear maker, EssilorLuxottica SA, a deal that increases ...

1h

Batman Fans Get Ready, the Meta Quest 3S Bundle Just Hit Its Lowest Price Ever on Amazon

For Prime Day, Amazon is including two special bundles for the Meta Quest 3S, but the most desirable is the one that includes ...

1d

Meta Platforms: Still My Top GARP Pick At Near-Record Prices (Technical Analysis)

Meta Platforms, Inc.'s technical signals, when combined with the TikTok situation, suggest a near-term consolidation. Learn ...

4hon MSN

Meta Wants to Reboot the Metaverse. Why AI Glasses Could Hold the Key.

Meta Platforms is looking to deepen its relationship with its smart-glasses partner as part of a new vision of the Metaverse.

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