According to circles, the Facebook group Meta increases at the French glasses group Essilorluxottica
The US company acquired a share of almost three percent for around three billion euros, the Bloomberg news agency reported on Tuesday, citing the matter. The message follows after the plans for the start was announced a year ago.
Meta also consider to increase its share to around five percent over time. The investment should be understood as a financial commitment to the rapidly growing market for “smartlasses”. According to Bloomberg, representatives of both companies did not want to comment on this.
The two companies already have a promising cooperation that was extended in September. Together they developed a glasses frame with a camera and speakers, which is an important building block of the AI future for Meta. Thanks to such glasses, the software with artificial intelligence can see what people see right now-and better respond to the situation, emphasizes Facebook founder and meta boss Mark Zuckerberg. In addition, a AI chat bot can communicate with the users if they do not have a display in mind.
On the stock exchange, the news only ensured movement for the Franzos: inside. The ADRs traded in New York recently increased by six percent. Meta shares, on the other hand, hardly moved and wrote almost unchanged.