The future is bright for consumer augmented reality.
Facebook announced Wednesday it is teaming up with Ray-Ban maker EssilorLuxottica to launch its first pair of smart glasses in 2021.
"After spending time with [EssilorLuxottica's] team and visiting their factory, I knew that they were the right partner for us to help bring the best technology together with the best glasses," Facebook CEO Mark Zuckerberg said during a live stream for the Facebook Connect virtual conference.
The new advanced lens technology aims to "help people stay better connected to their friends and family," according to the two companies.
More details about the new product's name, specifications, software capabilities, and pricing will be released closer to the glasses' launch in 2021.
"With EssilorLuxottica we have an equally ambitious partner who'll lend their expertise and world-class brand catalogue to the first truly fashionable smart glasses," Andrew Bosworth, vice president of Facebook Reality Labs, said in a statement.
The glasses aren't Facebook's only push into AR wearables. Facebook Reality Labs also announced Project Aria on Wednesday. Researchers will use a proprietary set of glasses, not available for sale publically, to gather information to build and improve software and hardware necessary for augmented reality glasses. Testing by Facebook employees and contractors is set to begin later this month in the United States.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.