Bloomberg reported Tuesday that the two companies had teamed up on a smart glasses partnership. The glasses will be marketed ...

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The device would carry a higher price tag. Some employees involved in the project expect the Hypernova glasses to cost around $1,000, compared with a $299 starting price for the current Meta Ray-Bans.

Meta is planning to release new AR smart glasses in partnership with sports retailer Oakley later this year, according to a recent report from Bloomberg.