News

Meta Acquires Lens Maker Luxexcel in Another Step towards its AR Glasses Goal

The Luxexcel acquisition might help Meta introduce lenses with built-in displays

While times have been tough for Meta, the company is still going strong into the Metaverse. Just recently, Meta acquired a Netherlands-based lens making company called Luxexcel. Luxecel specializes in creating prescription lenses that can be fitted inside AR glasses.

““We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” said Ryan Moore, Luxexcel’s head of financial communications.

Both Luxexcel and Meta have not revealed the terms, amount and other details about the deal.

Meta, in its company blog post revealed their investment plans for the metaverse. Meta CTO and Reality Labs head, Andrew Bosworth wrote that the company will be dividing the Metaverse focused capital into two areas. Half of it is invested into augmented reality (AR), while the other half’s going to building virtual reality products (VR).

Going heavy on AR, it’s still a lot of time before Meta records any scalable progress on its AR products. According to Meta, the Meta AR Glasses might take “years of progress”, since they aim to make the device “slimmer, lighter, faster, and more powerful”.

It’s predicted that even when the first few pairs of Meta AR glasses comes out, they will only be available to developers and product testing experts.

Founded in 2009, Luxexcel claims that it can easily integrate different elements crucial for the AR experience into a prescription lens. This Luxexcel’s acquisition might help Meta introduce lenses with built-in displays.

 

Read more:

Minister IT Announces To Launch 5G In Pakistan This July

Sponsored
Abdullah Shahid

Share
Published by
Abdullah Shahid

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

2 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

3 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

5 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

5 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

6 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

7 hours ago