Meta invests billions in the parent company of Ray Ban to improve the Smart Glasses industry

The company “Mita Planmes” has acquired a minority stake in “Essilusotica SA”, the world’s largest glasses industry, in an agreement that reflects the growing US technology company’s commitment to fast -growing clever glasses, according to people familiar with the matter. These people, who asked not to reveal their identity because of the privacy of the discussions, said that the company that owns Facebook has acquired a little less than 3% of the shares of “Isilor Luxiotics” manufactured by ‘Ray Ban’ glasses, part of about 3 billion euros ($ 3.5 billion) according to the current market price. Increase in this share gradually to reach about 5%, although these plans are still in change. Meta-glasses “remember and understand” Meta “collaboration and” Ray Ban “dead” dead “investment in the giant of the glasses industry relationship between the two companies, which have worked together over the past few years to develop smart glasses supported by artificial intelligence. Meta is currently selling jet ban, which was launched in the first time. With the “Oklley” mark in collaboration with “Isilor Luxiotics”. An important cost of the business is an important cost. The smart glasses in mass products.