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Google commits $75 million to help Warby Parker and another $75 million if the company reaches certain progress goals.
Warby Parker said Google has committed up to $75M for product development and commercialization costs and will invest another $75M in the company if it hits certain collaboration milestones.
Google is partnering with Warby Parker on developing smart glasses through its Android XR platform, challenging Meta's smart Ray-Bans.
Warby Parker shares jumped after announcing a strategic partnership with Google. They will create AI-powered smart glasses for all-day wear, launching after 2025.
Warby Parker shares rise after analyst Chen boosts price target, citing Google partnership, tech innovation, and long-term growth potential.
Warby Parker is working with Google to develop glasses that will rival an offering from Meta Platforms. Google said at its keynote on Tuesday that Warby Parker was one of two companies that "will ...
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.
Warby Parker is combining its eyewear design talents with Google’s artificial intelligence capabilities to work on the next generation of smart glasses.