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.
Eddie Ghabour, co-founder and owner of KEY Advisors Wealth Management, explains why he’s investing in India, what could happen if inflation rises again, and the long-term ‘debt bubble’ looming.
The company behind Squishmallows says Build-A-Bear's new Skoosherz toys are a copy of their own plushies. Build-A-Bear filed their own suit basically responding, "No they're not!"
While tech employees worry about artificial intelligence taking over their jobs, Microsoft says Iran, North Korea, and more U.S. adversaries are beginning to use AI in cyber spying.
The self-proclaimed "only Post who worked at Kellogg" was a military veteran who fought in World War II before inventing everyone’s favorite fruit-filled breakfast ravioli.
Kevin Gordon, Senior Investment Research Manager at Charles Schwab, shares his thoughts on how investors can take advantage of the current bull market while keeping in mind the impacts of Fed policy and inflation.
Lab-created diamonds come with sparkling claims: that they are ethically made by machines running on renewable energy. But many don't live up to these claims or don't respond to questions about their electricity sources, and lab diamonds require a lot of electricity.
Geoff Freeman, president and CEO of the U.S. Travel association, explains why other nations are outcompeting the U.S., and the innovations that would put American back on top.