Meta Invests $3.5 Billion in EssilorLuxottica in AI Glasses Push

Meta Plaforms Inc. bought a minority stake in the world’s largest eye-wear maker EssilorLuxottica SA, a deal that increases the US tech giant’s financial commitment to the fast-growing smart glasses industry, according to people familiar with the matter.

Facebook parent Meta acquired just under 3 percent of Ray-Ban maker EssilorLuxottica, a stake worth around €3 billion ($3.5 billion) at the current market price, said the people, who asked not to be identified because deliberations are…