Meta acquires Luxexcel, a smart eyewear company

As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition. Meta confirmed to TechCrunch that it is purchasing Luxexcel, a smart eyewear company headquartered in the Netherlands. The terms of the deal, which was first reported in the Belgian paper De Tijd, have not been disclosed.

Founded in 2009, Luxexcel uses 3D printing to make prescription lenses for glasses. More recently, the company has focused its efforts on smart lenses, which can be printed with integrated technology like LCD displays and holographic film.

“We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” a Meta spokesperson told TechCrunch. It’s rumored that Meta and Luxexcel had already worked together on Project Aria, the company’s augmented reality (AR) research initiative.

In September 2021, Meta unveiled the Ray-Ban Stories, a pair of smart glasses that can take photos and videos, or make handsfree, voice-controlled calls using Meta platforms like WhatsApp and Facebook. By absorbing Luxexcel, Meta will likely leverage the company’s technology to produce prescription AR glasses, a product that has long been anticipated to come out of Meta’s billions of dollars of investment into its Reality Labs. However, report this summer stated that Meta was scaling back its plans for consumer-grade AR glasses, which were initially slated for 2024. Meta did not comment on these rumors at the time.

When building its AR and VR products, Meta’s corporate strategy has been to acquire smaller companies that are building top technology in the field. Even Meta’s flagship headset, the Quest, comes from its acquisition of Oculus in 2014. Given the FTC’s attempts to block Meta’s purchase of Within, it’s possible that the purchase of Luxexcel could spark the same scrutiny.

FTC puts Zuckerberg on the stand over Meta’s plan to acquire Within

Meta acquires Luxexcel, a smart eyewear company by Amanda Silberling originally published on TechCrunch

from TechCrunch https://ift.tt/4La3tfi
via https://ift.tt/qHUzonN

Comments

WORKING 2.0 No Recoil File For PUBG | Anti-Ban File

WORKING 2.0 No Recoil File For PUBG | Anti-Ban File - techy teacher 2.0 No Recoil File For PUBG Howdy Buddies! We are back with new theme on PUBG versatile 2.0. I genuinely want to believe that you all update your PUBG App in light of the fact that on 11 May PUBG new update has been shown up, and pretty much every client update it. As you most likely are aware my site is the best wellspring of hacking and breaking, on my site you get the most recent reports on game hacks with reasonable recordings. Today, I give you the most recent 2.0 No Recoil File For PUBG. This update is truly astounding, PUBG 2.0 report a few new and intriguing elements with regards to this update. PUBG presents new livik map and in this guide we see a great deal of new things. This new guide is entirely unexpected and PUBG add a few games in it. In this guide, you additionally appreciate soccer challenge and gather coins in remuneration to purchase plunder. How about we examine every one of the new elements in c

Lyft hails new leadership, layoffs come for Lucid and Waymo retires its self-driving minivan

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. This past week, I drove a 2023 Jeep Grand Cherokee 4XE Summit 4×4 (a press vehicle courtesy of Jeep) to Moab, Utah ahead of the Easter Jeep Safari event to check out what the Stellantis brand has been working on. Jeep, which hosts media in March every year for its annual off-roading and concept roadshow, put electrification front and center. While the seven concept vehicles (all of which I drove) were equipped with an array of powertrains, it was hard to ignore the variety of plug-in hybrid and battery-electric setups. There were some fun internal combustion-powered vehicles, like the Jeep Scrambler 392 concept equipped with a 6.4-li

Meta Connect 2024: What to expect, including Quest 3S and new AR smart glasses

Meta Connect 2024 is so close, you can almost taste it. Launching during the week of Sept. 23, the social media giant is expected to rollout hardware and software goodies that will intrigue VR gamer enthusiasts, AI aficionados, and smart glasses devotees. But what, specifically, does Meta have up its sleeves? We have a few guesses based on credible reports. What to expect at Meta Connect 2024 Last year, the Meta Quest 3 was announced in early June, but it got its full reveal at Meta Connect 2023. The headset boasted a sleeker, more comfortable design, as well as new AR capabilities, that made it more appealing than its predecessor. Once again, for Meta Connect 2024, the social media giant is expected to drop a new VR headset, but it's not necessarily an upgrade over the Quest 3. Meta Quest 3S Rumor has it that Meta is planning on revealing a cheaper, more budget-friendly version of the Quest 3 called "Quest 3S." Tweet may have been deleted Whether it was intent

Techy Teacher

Search This Blog