Tech Giants Potentially Seek Partnership With Ray Ban Maker After Smart Glasses Collaboration

Benzinga07-27

EssilorLuxottica (OTC:ESLOY) stock rose after the eyewear giant revealed interest from Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and other major technology companies in exploring partnerships...

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However, any share purchases by Meta would need to be conducted on the open market.\nThis statement followed a report by The Wall Street Journal indicating that Meta was discussing acquiring about 5% of EssilorLuxottica.\nRelated: Meta Ray-Ban Smart Glasses Ready To Get AI Upgrade: Expect These New Features Soon.\nCiting the CEO, the Wall Street Journal report emphasized that while the company welcomes any investor, it has no plans for a capital increase specifically for Meta.\nThe CEO assured that the existing partnership with Meta is robust and does not require a stake acquisition to strengthen it.\nIn addition to Meta, EssilorLuxottica has attracted interest from Google and other significant tech companies for potential collaborations.\nThis interest was reinforced by a report from The Verge, which cited unnamed sources suggesting that Google had approached EssilorLuxottica to integrate its Gemini artificial intelligence assistant into future smart glasses.\nIn June, Meta Platforms said it is “almost ready” to introduce a new augmented reality prototype. Mark Zuckerberg hinted that the prototype had left early testers “giddy.”\nPrice Action: ESLOY stock is up 4.10% to $112.06 at the last check on Friday.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nRead Next:\n\nMeta’s Ray-Ban Smart Glasses Face New Rival Powered By OpenAI’s ChatGPT.\n\nImage Credits – Shutterstock\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nALPHABET (GOOGL): Free Stock Analysis Report\n\nThis article Tech Giants Potentially Seek Partnership With Ray Ban Maker After Smart Glasses Collaboration originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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