Business
business

Warby Parker jumps an eye-popping 17% as investors cheer its AI glasses partnership with Google

Tech companies just cant seem to envision a future without smart glasses.

Warby Parker surged 17% in afternoon trading on Tuesday after announcing a partnership with Google to develop AI-powered glasses, set to launch sometime after 2025. The tech giant will reportedly invest up to $150 million into the product.

Just how the glasses will be AI-powered still seems up in the air, though Warby CEO David Gilboa in a press release said the devices will offer real-time context and intelligence that will augment a wearers surroundings.

The move appears to be an effort by Google to grab a chunk of Meta’s relative success with its Ray-Ban smart glasses, though the wearable tech in general tends to fizzle out after a brief hype stage. In February, Ray-Ban owner EssilorLuxottica said it had sold 2 million pairs of the smart glasses since their launch in October 2023.

More Business

See all Business

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.