- Warby Parker shares surged about 16% after Google announced a smart glasses partnership on Tuesday. Google has committed up to $150 million as part of the agreement.
- The company said it plans to launch a series of smart glasses with Google, with the first line of products set to arrive sometime "after 2025."
- The Warby Parker and Google alliance will rival that of the partnership between Facebook-parent Meta and EssilorLuxottica, the maker of Ray-Ban.
shares surged 15.6% after Google announced a smart glasses partnership at the tech company's annual I/O developer conference.
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WATCH HEREhas committed up to $150 million as part of the agreement. The company has put $75 million into product development costs and will invest as much as an additional $75 million into the glasses company if Warby meets "certain collaboration milestones," the companies .
Warby Parker said it plans to launch a series of smart glasses with Google, with the first line of products set to arrive sometime "after 2025." The glasses will be , an operating system for headset computers. Android XR will include Google's Gemini AI assistant that users can speak with to control their device.
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SIGN UP "We know that these need to be stylish glasses that you'll want to wear all day," said Shahram Izadi, Google's vice president and general manager of Android XR, at the I/O keynote. "We want you to be able to wear glasses that match your personal taste."
The Warby Parker and Google alliance will rival that of the partnership between Facebook-parent and EssilorLuxottica, the maker of Ray-Ban. Meta and Luxottica in 2023 of their smart glasses, and the two companies are set to roll out a third generation of the glasses with a small display, C온라인카지노사이트 previously reported. Meta first in 2020.
The partnership with Warby Parker is also a return to the world of glasses for Alphabet. The company famously launched its futuristic Google Glass device in 2013, but the product drew privacy concerns.
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Besides Warby Parker, Google on Tuesday said it will partner with developers and device makers for Android XR, including Samsung, , Sony, , Magic Leap, Gentle Monster and others.
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