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News on Medial
Meta in talks to buy 5% stake in Ray-Ban maker EssilorLuxottica: Reports
Money Control
·
1y ago
Medial
Meta Platforms, formerly known as Facebook, is reportedly in talks to acquire a 5% stake in EssilorLuxottica, the company behind Ray-Ban. This move would give Meta more control over the development of smart glasses, which have become a focus for tech giants like Apple. The potential deal could be worth around €4.33 billion based on EssilorLuxottica's current market value. The company's shares rose 3% upon news of the talks. The latest generation of Ray-Ban smart glasses, which feature an artificial intelligence assistant and livestreaming capabilities, have been well-received by consumers.
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Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says - The Economic Times
Economic Times
·
1m ago
Medial
Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, investing around 3 billion euros to enhance its AI-powered wearable technology offerings. This move supports Meta's strategy to boost AI infrastructure and attract new users. Meta's collaboration with Oakley on AI-powered smart glasses expands on the success of Ray-Ban Meta glasses. EssilorLuxottica aims to increase production capacity for smart glasses and explore further partnerships with Meta.
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Meta is reportedly building AI smart glasses with Prada, too | TechCrunch
TechCrunch
·
1m ago
Medial
Meta is reportedly collaborating with Italian fashion brand Prada to develop AI smart glasses, expanding beyond its partnership with eyewear giant EssilorLuxottica. While details on the announcement timeline remain unclear, this move indicates Meta's intention to integrate its AI technology into more fashion brands. Meta previously collaborated with EssilorLuxottica's brands, like Ray-Ban, and is rumored to partner with Oakley, another company under EssilorLuxottica, for smart glasses priced around $360.
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Meta teases smart glasses collaboration with Oakley; launch set for June 20
Economic Times
·
1m ago
Medial
Meta is set to launch new smart glasses through a collaboration with Oakley, expanding its smart eyewear portfolio. The teaser, shared on Instagram, indicates a June 20 release date. This follows Meta's previous releases in the smart glasses market, including Ray-Ban Stories, which feature audio capabilities and a camera but lack augmented reality features. Oakley, owned by EssilorLuxottica, hints at a new model with a central built-in camera design.
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Airtel says 'not in any discussion' to buy Vodafone UK's stake in Indus Towers
Money Control
·
1y ago
Medial
Airtel has clarified that it is not in discussions to buy Vodafone UK's stake in Indus Towers. The telecom major stated that it has no desire to raise its stake beyond what is needed for financial consolidation of Indus in the company. Airtel is currently Indus' largest shareholder with a 47.95% stake. Reports had earlier suggested that Airtel was in talks to buy the 21.05% stake, potentially giving it a controlling stake in Indus Towers.
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Apple could launch AI-powered smart glasses in 2026 | TechCrunch
TechCrunch
·
2m ago
Medial
Apple is planning to launch AI-powered smart glasses by 2026 to compete with Meta’s Ray-Ban Meta glasses. These smart glasses will feature a camera, microphone, and Siri for analyzing surroundings, making phone calls, and providing directions. Apple's CEO Tim Cook is focused on surpassing Meta in the smart glasses market. Reports suggest Apple is developing new chips for these and other devices. Meta's smart glasses have been highly successful, selling millions of units.
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Meta unveils cheaper VR headset, AI updates and shows off prototype for holographic AR glasses
Economic Times
·
10m ago
Medial
Meta introduced updates to its virtual reality headset and Ray-Ban smart glasses, showcasing its advancements in AI technology and the future of computing platforms. The company unveiled the Orion prototype, which CEO Mark Zuckerberg described as the most advanced glasses ever created, with features like holographic augmented reality and a neural interface. Meta also announced AI updates, including voice interactions with celebrity voices and the ability for influencers to create AI versions of themselves. The company aims to make the future more accessible and human-centered. Additionally, Meta showcased a cheaper version of its VR goggles, the Quest 3S, and mentioned the success of its AI-powered Ray-Ban glasses.
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How Meta’s smart Ray-Ban glasses spawned a Silicon Valley hit
Livemint
·
10m ago
Medial
Meta's Ray-Ban smart glasses, developed in collaboration with EssilorLuxottica, are gaining popularity among consumers who appreciate their simplicity compared to virtual-reality headsets. Users are finding value in using the glasses to take photos for social media and create content, leading to higher demand than expected. The glasses, equipped with a camera, microphones, and AI, have undergone significant improvements from the first generation, attracting content creators and parents who want to capture moments quickly without disruptions. Competitors like Snap and Amazon have also entered the market, but Meta's glasses are currently leading in popularity.
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Smart glasses won me over, and this is the pair that did It
Livemint
·
7m ago
Medial
The writer discusses their experience with smart glasses, particularly the Ray-Ban Meta camera sunglasses and the Apple Vision Pro headset. They found the Ray-Bans to be simple, affordable, and well-designed, enjoying the camera feature for capturing photos and videos without distractions. They also had a preview of Meta's Orion prototype, which offers a mixed-reality experience through holographic projectors and finger/hand navigation using a sensor wristband. The writer mentions Meta's plans to release a version of the sensor wristband and a pair of Ray-Ban-like glasses with an in-lens screen in the future.
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Meta’s 2025 vision: Ray-Ban Smart Glasses to get built-in display, report suggests
Livemint
·
7m ago
Medial
Meta is reportedly planning a major upgrade for its Ray-Ban smart glasses, adding built-in displays expected in a new version to be released in 2025. This would provide notifications and seamless interaction with Meta's AI technology, offering a more immersive and hands-free user experience. The current glasses have been praised for their combination of advanced technology and iconic Ray-Ban design, but the lack of a visual display has limited their functionality compared to rivals. Samsung and Google are also working on their own smart glasses with advanced AI features, intensifying competition in the market.
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Nvidia CEO says company has not been asked to buy a stake in Intel
Economic Times
·
4m ago
Medial
Nvidia CEO Jensen Huang clarified that the company was not approached to join a consortium to buy a stake in Intel. This follows reports suggesting a possible consortium involving Taiwan Semiconductor Manufacturing Co. Nvidia remains focused on meeting chip demand, especially from Meta Platforms. Huang addressed investor concerns about AI chip demand and potential shifts to U.S. production due to tariffs. Nvidia's collaboration with TSMC in Arizona is ongoing, and new chip facilities are planned.
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