Core Insights - Meta is doubling down on "edge AI" beyond smartphones, aiming to integrate advanced AI models with smart wearable devices to challenge Apple's dominance in consumer electronics [1][3] - The first AI smart glasses with a high-definition screen, priced around $1,000, are expected to launch by the end of this year, marking a significant step in Meta's strategy to compete with Apple's ecosystem [1][2] - Meta's CEO Mark Zuckerberg envisions a "personal super intelligence" that could replace smartphones as the primary gateway to an AI-driven digital world [3][5] Meta's Product Development - The upcoming smart glasses, codenamed "Hypernova," are anticipated to have a price range of $1,000 to $1,400, with final pricing to be confirmed closer to launch [2] - Meta's current popular AI smart glasses, Ray-Ban Meta, have a starting price of $299 and have exceeded sales expectations, which Meta plans to leverage to transition users to higher-end models [2][8] Market Trends - The global smart glasses market is projected to see a 210% year-over-year growth in 2024, driven by strong demand for Ray-Ban Meta smart glasses, with total shipments expected to surpass 2 million units [6][11] - Counterpoint Research forecasts that the smart glasses market will maintain over 60% annual compound growth rate from 2025 to 2029, as more companies enter the market with AI-integrated devices [14] Competitive Landscape - Apple faces criticism for its slow progress in AI, with its AI features lagging behind competitors, leading analysts to suggest that Apple is missing out on the AI revolution [4][5] - Other tech leaders, including Amazon and OpenAI, are also developing AI-integrated devices, indicating a competitive race to redefine consumer electronics [4][5] Industry Statements - EssilorLuxottica's executives highlighted the transformative potential of smart glasses as the next computing platform, integrating AI, sensing technology, and healthcare data [10] - The success of Ray-Ban Meta smart glasses has spurred a wave of new AI smart glasses, with various brands expected to launch products by the end of 2024 [14]