Meta Platforms Inc. has made a strategic investment of approximately €3 billion, securing nearly 3% ownership in EssilorLuxottica SA, the globe's leading eyewear manufacturer. This substantial infusion underscores Meta's deep commitment to advancing artificial intelligence and fostering innovation in the smart glasses industry. Over the past few years, the two powerhouses have collaborated extensively on AI-powered smart glasses, successfully launching products under the prestigious Ray-Ban and Oakley brands. According to reports, Meta may potentially boost its stake in EssilorLuxottica to approximately 5% in the foreseeable future.