Meta is considering a multibillioneuro investment in eyewear giant EssilorLuxottica to enhance its smart glasses push.  Talks are ongoing to deepen their collaboration after the successful launch ...

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- Meta is considering a multibillion-euro investment in eyewear giant EssilorLuxottica to enhance its smart glasses push.
- Talks are ongoing to deepen their collaboration after the successful launch of the revamped Ray-Ban Meta smart glasses last year.
- Meta's CEO Mark Zuckerberg has heavily invested in wearable tech, while EssilorLuxottica aims to attract younger shoppers with new deals.
- The latest Ray-Ban Meta glasses, launched last October, have outperformed previous versions and feature livestreaming and AI integration.
- EssilorLuxottica recently acquired US streetwear label Supreme and plans to launch Supreme smart sunglasses in partnership with Meta. 

 Source: Financial Times

Meta Explores Investment in EssilorLuxottica to Boost Smart Glasses Development

Journalist

Meta Explores Investment in EssilorLuxottica to Boost Smart Glasses Development- Grapevine

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Zuck gave such a Steve jobs level presentation! Must watch for tech enthus🤓

Orion is 🔥

Product Manager

This Apple vision pro is confusing me as where the VRtech is heading. 

Meta is closing down the VR product line, metaverse whereas Apple is confident enough to sell a VR headset worth 3500$!! 

Any interesting thoughts on this?

Apple Vision Pro & VR future

- Meta confirmed that any image shared with its AI can be used for training. 
- This includes images and videos captured on Ray-Ban Meta smart glasses, if submitted to AI. 
- The company uses this data to create powerful AI models. 
- Concerns arise as users may unknowingly provide personal images for AI training. 
- Meta recently rolled out new AI features, increasing the likelihood of users sharing more data.

Source: [Techcrunch](https://techcrunch.com/2024/10/02/meta-confirms-it-may-train-its-ai-on-any-image-you-ask-ray-ban-meta-ai-to-analyze/)

Meta Trains AI on Images Shared via Ray-Ban Smart Glasses

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Offer : E4 175k pounds
Current: L4 56 Lakhs
YoE: 1 year 7 months

Here's what I have considered:

- Living in London is going to be costly, on an avg I'll be saving 1.2x of India.
- Meta London created a bad reputation for itself when last year it laid off people from India just 2 days after joining
- it's not worth it going from L4 to E4, I probably should switch only when getting a higher level or a big big pay bump (this is probably not a big pay bump considering the cost of living)
- I am not very good at making friends, and I have quite some friends here now... I don't just want to leave everything and be alone in a new city so far away from home.

- the only pro point I see is that..  it is London.

Do you think I should reconsider my decision?

I have decided to reject Meta London offer

Software Engineer

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If you haven’t seen Lex Friedman pod with Zuck then here is the link- https://youtu.be/MVYrJJNdrEg?si=ejRSC_qGFrSYMs0F

I’m not a big fan of Zuck. But what Meta pulled off is truly incredible. I’ve been making fun of metaverse since ‘21. 

More power to builders in the arena who keep on building, defying all odds. 

What a time to be alive to see such inventions.

More bullish on Metaverse

Product Marketing Manager

https://www.thestreet.com/technology/mark-zuckerberg-quietly-buries-the-metaverse

The metaverse is dead

Investor

After laying off 13% of workforce ,Meta announced additional 40billion $ share repurchase authorisation. Now Metals 4th quarter results surpass analysts expectation

Meta 40billion$ share buyback

Product Owner

🍎 loses the 👑

Software Developer

Looks like meta is going for 3rd or 4th ( honestly lost count)  round of layoffs . 
Articles suggest that 5000 folks might be affected 😕

These are the world's largest tech companies and have billions in profits. How can they not know how many employees they need? And once the market opens next year again they will hire rapidly. 

Is apple the only top tech company that's hiring sensibly?

New Meta layoffs

So I went to a optician store today and came to know that ZEISS is doing a company wide promo offering buy 1 get 1 free on prescription glasses range if anyone is in the market to buy glasses do checkout your neighborhood store.
Effectively got 2 pair of glasses (with blue filter feature) for rupees 6k all inclusive.

Also ZEISS glass quality, coating and reflection wise is better than the best glass available from lenskart.

ZEISS is running a buy1 get1 offer on prescription glasses

Backend engineer

Lenskart raising $200Mn from Temasek

Growth Manager

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Considering Edtech, Fintech, E-commerce is done

What is the next big thing in India?

Apple VR is ded

In a race to AGI, Tech giants are prioritizing compute over hiring techies. 

Google also plans to spend 25 billion $ to build one zettaflops (1000 exaflops) of compute....  

Tesla plans to have compute of around 100 exaflops by around October 2024...

Same case with Microsoft. 

https://www.theverge.com/2024/1/18/24042354/mark-zuckerberg-meta-agi-reorg-interview

Meta to operate "600000 H100 GPU equivalents of compute" worth 18 billion $ by year-end for open source AGI. This explains cost cutting by tech giants.

Meta Ai seems to be more open then OpenAi itself

I don’t understand what the point really was 

- companies with a bad product are still struggling 
- companies with a good product are still growing
- rent in Bangalore, Mumbai is still sky high 
- salaries are still high, people are still asking for more 
- food is expensive as ever 
- stock prices of companies that fired people never really went up 

Someone make any sense or any of this?

Layoffs were a total failure at changing anything

Analyst

Use the best talent for free for their own purpose,

Not sure how many generations will take a hit due to fb/insta mental menace

This is why I don't like zucks products, the hidden agenda is 😓

15% are being given Below Expectations rating and are being offered mutual seperation with 3 Months salary. 

The mid year ratings are supposed to just give a direction but this year's layoff is happening on its basis.

Meta Explores Investment in EssilorLuxottica to Boost Smart Glasses Development

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