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Sam Mendoza

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Big Tech’s big visions for AR glasses is foggy: Snap is reportedly seeking $1 billion to finance its AR glasses division in an “existential” fundraise, though an exec said the social firm doesn’t need outside help to “publicly launch Specs in 2026.” Meanwhile, though Meta keeps crowing its Ray-Ban Meta glasses are a hit, Zuckerberg has also acknowledged, “This will be a defining year that determines if we’re on a path toward many hundreds of millions, and eventually billions, of AI glasses.” One bullish sign came from Ray-Ban maker EssilorLuxottica, which reported a revenue boost from the Meta specs in its third-quarter earnings, but we still don’t know anyone who actually bought a pair. https://sherwood.news/tec.. #Gadgets
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sherwood.news

Report: Snap seeking $1 billion to finance its AR glasses division in “existential” fundraise

Saudi Arabia’s Public Investment Fund is reportedly among the investors involved in talks....

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