News Summary

Meta Platforms Inc. is gearing up for a significant expansion of its AI-powered wearable devices, planning to launch six new products in 2025. This initiative is part of Meta’s strategy to revitalize its hardware division following a challenging period for its metaverse ventures. According to a leaked memo from Andrew Bosworth, Meta’s Chief Technology Officer, the company aims to capitalize on the success of its AI wearables, such as the Meta Ray-Ban smart glasses, which sold over a million units in 2024. The company is exploring collaborations with brands like Oakley to develop sportier versions of its AI glasses, potentially featuring heads-up displays. CEO Mark Zuckerberg has emphasized the importance of 2025 as a pivotal year for smart glasses, drawing parallels to other tech products that have found success in their third generation. Alongside these AI wearables, Meta is also reportedly working on new Quest VR headsets as part of its efforts to maintain a competitive edge in the VR market. This strategic push comes in the wake of significant financial losses in Meta’s mixed-reality division since 2020, estimated at around $60 billion USD.