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EssilorLuxottica has a little back and forth with Meta and Google, according to reports

The Immersive Wire - 22 July 2024 (Briefing)

Executive summary

Welcome to your weekly briefing on the metaverse and spatial computing. Here are your snippets to sound smarter in meetings this week:

  • Top story: EssilorLuxottica has a little back and forth with Meta and Google, according to reports (analysis below).

  • Awards: The Immersive Wire is nominated for Best Solo, B2B, and Science & Technology newsletter at the Publishing Newsletter Awards, with the ceremony on Tuesday. Wish me luck!

  • Stat of the week: 82% of Roblox users love in-experience brand content.

  • Quote: “Something can be amazingly cool and part of the future, but not a big part of the future.” - Benedict Evans

  • Other stories: Venice Film Festival announced its line-up, and Geneva International Film Festival (GIFF) is doing a call for entries (more stories below).

The Boys and The Bear both feel elongated and a little too stretched.

Tom Ffiske, Editor of the Immersive Wire

Analysis

EssilorLuxottica has a little back and forth with Meta and Google, according to reports.

  • What’s happening? Meta would like to buy 5% of EssilorLuxottica, the company that makes Ray-Bans. Talks are advanced according to many reports. At the same time, Google apparently approached the company’s leadership about putting its Gemini AI assistant in future smart glasses.

  • Are they battling it out? Who knows. There is no substantiation to any board room shenanigans happening at the European firm. But smart glasses are ripe for innovation, and having a key AI partner is an interesting battlefield to contend with.

Other notable stories:

Note: The Immersive Wire is run by Tom Ffiske, who also works within Accenture’s metaverse group. The contents of the newsletter should not be regarded as Accenture’s views.