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Meta is investing more in the metaverse by buying Luxexcel, a Netherlands-based business that 3D-prints prescription lenses for smart glasses.
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"We are excited that the Luxexcel Team has joined Meta, deepening our existing partnership between both companies," Meta said in a statement.
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Although this deal's terms are unknown, Andrew Bosworth (Meta CTO and Reality Labs Head) revealed that
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Half of the metaverse-focused division’s operating expenses would be poured into AR.
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At the same time, the rest will go to VR products as the company continues to bleed billions.
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While Meta works on its first AR glasses, we may see the finished product later.
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Bosworth said Meta's AR glass would require years of development as it tries to make it "slimmer and lighter, faster and more powerful."
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Two later versions of Meta's AR glasses could be available to consumers in the coming years.