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 declined to comment, while Meta did not immediately respond when contacted by Reuters.