
Meloni, Dimon Discuss Possible JP Morgan Investments in Italy
The two had an 'in-depth discussion' that touched on opportunities in the fields of infrastructure and artificial intelligence, the statement added, without providing further detail.

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Meta invests $3.5 billion in AI glasses partner EssilorLuxottica
-- Meta Platforms Inc (NASDAQ:META). has acquired a stake in EssilorLuxottica SA (OTC:ESLOY) valued at approximately $3.5 billion, according to Bloomberg, citing sources familiar with the matter, reinforcing its strategic push into AI-powered eyewear. The acquisition of just under 3% in the Italian-French eyewear leader aligns with Meta's ambition to grow outside traditional platforms and advance in hardware innovation. The move builds on Meta's ongoing partnership with EssilorLuxottica, creator of Ray-Ban and Oakley, in co-developing smart glasses. Meta currently markets Ray-Ban smart glasses, incorporating features like embedded cameras and AI assistants, and more recently introduced a new line of Oakley-branded products enhanced with similar technology. Citing sources, Bloomberg reported that Meta may expand its stake to roughly 5% in the future, though no final decision has been made. The investment cements Meta's position as a strategic partner, while keeping its ownership as a minority investor. The transaction also illustrates Meta CEO Mark Zuckerberg's broader pivot toward artificial intelligence as a core growth pillar for the company. As AI development grows more capital intensive, smart glasses offer Meta a tangible consumer product through which it can deliver its AI capabilities. EssilorLuxottica CEO Francesco Milleri had signaled last year that a stake purchase by Meta was under consideration, though terms had yet to be finalized at the time. The deal's closing indicates growing confidence within both firms that smart eyewear is poised for mainstream adoption. Related articles Meta invests $3.5 billion in AI glasses partner EssilorLuxottica - Bloomberg Bernstein starts bullish on Kuaishou, Bilibili on rising video ad tide Mistral AI reportedly in talks for $1 billion funding from MGX, others Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Brazilian club Botafogo hires son of Carlo Ancelotti as its manager
RIO DE JANEIRO (AP) — Brazilian club Botafogo has hired the son of Brazil coach Carlo Ancelotti as its new manager. The 35-year-old Davide Ancelotti was handed a contract through 2026 to take up his first full-time coaching job after Botafogo owner John Textor fired Renato Paiva following the team's round-of-16 elimination at the Club World Cup. The Italian has worked for more than a decade alongside his father in different roles at Bayern Munich, Napoli, Everton, and Real Madrid. He is also part of Ancelotti's staff at Brazil. Botafogo is the defending Brazilian and Copa Libertadores champion. Textor recently said he wanted his team to adopt a more attacking style of play. Brazil's soccer confederation said in a statement that Davide Ancelotti's deal with Botafogo allows him to continue working with the national team ahead of the 2026 World Cup. The younger Ancelotti is expected to make his debut on Saturday against Vasco da Gama in a Brazilian league match.

Yahoo
an hour ago
- Yahoo
Brazilian club Botafogo hires son of Carlo Ancelotti as its manager
RIO DE JANEIRO (AP) — Brazilian club Botafogo has hired the son of Brazil coach Carlo Ancelotti as its new manager. The 35-year-old Davide Ancelotti was handed a one-year contract to take up his first full-time coaching job after Botafogo owner John Textor fired Renato Paiva following the team's round-of-16 elimination at the Club World Cup. Advertisement The Italian has worked for more than a decade alongside his father in different roles at Bayern Munich, Napoli, Everton, and Real Madrid. He is also part of Ancelotti's staff at Brazil. Botafogo is the defending Brazilian and Copa Libertadores champion. Textor recently said he wanted his team to adopt a more attacking style of play. Brazil's soccer confederation said in a statement that Davide Ancelotti's deal with Botafogo allows him to continue working with the national team ahead of the 2026 World Cup. The younger Ancelotti is expected to make his debut on Saturday against Vasco da Gama in a Brazilian league match. ___ AP soccer: