May 29 (Reuters) - Meta Platforms plans to start testing an AI pendant in the next year, as it charts a roadmap for wearable devices in an effort to reverse losses in its hardware division, The Information reported on Friday, citing a memo.
• Meta declined to comment to Reuters on the report.
• The Facebook and Instagram owner plans to significantly expand its selection of AI glasses and add a business-focused service called "Wearables for Work" the report said, citing an internal memo by Alex Himel, Meta’s vice president of wearables.
• The report comes after Meta's hardware unit Reality Labs reported a loss of $4.03 billion in the first quarter on revenue of just $402 million.
• Meta aims to sell 10 million wearable devices in the second half of 2026, driving sales by launching new products and selling them in more countries, The Information said.
• It currently has partnerships with EssilorLuxottica brands Ray-Ban and Oakley to make AI-powered smart glasses.
• Last year, Meta acquired AI-wearables startup Limitless, maker of a pendant-style device that records and transcribes real-world conversations, to accelerate efforts towards developing next-generation AI-enabled wearables.
(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Rosalba O'Brien and William Mallard)
