Meta's Reality Labs division posts a $4.53 billion operating loss in Q2 despite $370 million in sales, while EssilorLuxottica reports Ray-Ban Meta smart glasses sales more than tripled year-over-year in the first half of 2025.
Alibaba introduces Quark AI Glasses, smart eyewear integrating the Qwen large language model and Quark AI assistant, entering the augmented reality glasses market to compete with Meta's offering.
Amazon acquires Bee, a startup with AI technology that transcribes conversations using a $49.99 wearable device, giving users personalized summaries and reminders, as Amazon aims to offer greater device control after the deal closes.
Meta bolsters its AI capabilities by acquiring Play AI, a startup that generates human-sounding voices using AI, aligning with Meta's roadmap for AI characters, Meta AI, wearables, and audio content creation.
Xiaomi launches AI glasses in China, capitalizing on its ecosystem to offer hands-free capabilities for photography, videography, and office tasks, with early adopters praising their utility while anticipating future enhancements.
Meta acquires AI voice cloning startup PlayAI, adding its team to Meta's efforts in developing superhuman artificial intelligence and AI products like AI Characters and wearables under Johan Schalkwyk.
Google's AI assistant Gemini lands on Wear OS smartwatches, enabling users to speak naturally, manage tasks across apps, recall details, and receive timely reminders on their wrist.
Meta, Facebook's parent company, acquires a minority stake worth around $3.51 billion in EssilorLuxottica, the maker of Ray-Ban sunglasses, signaling its ambitions to expand into wearable technology and AI-powered devices, with shares of EssilorLuxottica surging 6%.
Apple revolutionizes wearable tech, unveiling augmented reality smart glasses with AI capabilities for translation, navigation, and more, slated for a 2026 launch after rigorous prototype testing and production ramp-up.
Xiaomi introduces its AI smart glasses equipped with a 12MP camera, Qualcomm's AR1 chip, voice assistant, and 8.6-hour battery life, entering the competitive AI glasses market led by Meta's Ray-Ban smart glasses.