Meta Platforms Inc. has acquired a 3 percent stake in EssilorLuxottica SA for approximately $3.5 billion, reinforcing its investment in smart glasses technology. This partnership builds upon existing collaborations, including the release of Ray-Ban smart glasses featuring AI capabilities. CEO Francesco Milleri confirmed Meta's keen interest in investing, and with this move, Meta aims to enhance its control over hardware distribution. The investment could significantly benefit both firms as smart glasses gain traction.