Meta Invests $3.5 Billion in EssilorLuxottica Amid AI Glasses Push

Meta Platforms has invested $3.5 billion in EssilorLuxottica, the world's largest eyewear manufacturer, as part of its AI glasses push. Candel Therapeutics has been included in several value-oriented Russell indexes, while Ocean Power Technologies has successfully installed its PowerBuoy system for the Naval Postgraduate School. Black Swan Graphene has been granted a patent for its proprietary method of producing high-quality sub-micron graphene. Millennial Potash Corp has received up to $3 million in development funding from the US International Development Finance Corporation for its Banio Potash Project in Gabon.

Meta Platforms has made a significant investment in EssilorLuxottica, the world's largest eyewear manufacturer, as part of its push into AI glasses. The company invested approximately $3.5 billion for a minority stake in EssilorLuxottica, underscoring its commitment to developing AI-powered wearable technology [1]. This move aims to accelerate the development of AI eyewear for mainstream markets and further Meta’s hardware ambitions.

Meanwhile, Candel Therapeutics has been added to several value-oriented Russell indexes, reflecting its potential as a biopharmaceutical company. The company, which focuses on developing multimodal biological immunotherapies for cancer treatment, was included in the Russell 2500 Value Index, Russell Small Cap Value Index, and others [2]. This recognition highlights the company's progress in clinical trials and its potential for growth.

Ocean Power Technologies has successfully installed its PowerBuoy system for the Naval Postgraduate School (NPS) in Monterey Bay. The system integrates AT&T 5G technology and advanced subsea sensors, enabling continuous, autonomous monitoring and data collection [3]. This installation is part of OPT’s strategic plan to deliver advanced, persistent offshore infrastructure that supports defense, security, and research missions.

Black Swan Graphene has been granted a patent for its proprietary method of producing high-quality sub-micron graphene. This development is significant for the tech industry, as high-quality graphene has applications in various sectors, including electronics and energy storage.

Millennial Potash Corp has received up to $3 million in development funding from the US International Development Finance Corporation for its Banio Potash Project in Gabon. This funding will support the project's development, which aims to produce high-quality potash, a crucial fertilizer for agriculture.

References:
[1] https://winbuzzer.com/2025/07/09/meta-invests-3-5-billion-in-ray-ban-parent-essilorluxottica-to-fuel-ai-glasses-push-xcxwbn/
[2] https://ca.investing.com/news/company-news/candel-therapeutics-added-to-multiple-russell-value-indexes-93CH-4094991
[3] https://www.morningstar.com/news/globe-newswire/9491460/ocean-power-technologies-installs-ai-capable-merrows-powerbuoy-for-naval-postgraduate-school