Meta Acquires Limitless to Accelerate Work on AI-Enabled Wearables

Core Insights - Meta has acquired Limitless, a company specializing in AI-powered wearables, to enhance its capabilities in this sector [2][4] - Limitless produces an AI-powered pendant that records conversations and generates summaries, indicating a focus on integrating AI with hardware [2][3] - The acquisition aligns with Meta's vision of creating personal superintelligence through innovative AI-enabled devices [4][5] Company Developments - Limitless co-founder and CEO Dan Siroker expressed that the combination of AI and hardware, once deemed "ludicrous," is now seen as "inevitable" [3] - Meta is shifting resources towards AI, reportedly considering a budget cut of up to 30% for its metaverse group [4] - Meta CEO Mark Zuckerberg announced the establishment of a new creative studio within Reality Labs, focusing on AI glasses and other devices [5] Market Performance - EssilorLuxottica, a partner of Meta in the AI glasses sector, reported over 200% sales growth for Ray-Ban Meta glasses in the first half of the year [6]