Meta acquires AI wearable startup Limitless | Reuters

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Dec. 5 (Reuters) – META (META.O)opens a new tab The social media giant has acquired AI wearable startup Limitless as it ramps up efforts to build AI-enabled consumer hardware. Limitless is a maker of pendant devices that record and transcribe real-world conversations.

“Meta recently announced a new vision to bring personal superintelligence to everyone. A key part of that vision is building amazing AI-powered wearables. We share this vision, and we're joining Meta to help realize our shared vision,” Limitless co-founder and CEO Dan Siroker said in a blog post on Friday.

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Limitless did not disclose financial details of the transaction.

Earlier this week, Meta hired long-time Apple (AAPL.O)opens a new tab The move is widely seen as strengthening the company's focus on next-generation devices, said design executive Alan Dye. Meta plans to leverage Limitless' technological capabilities as part of its development of next-generation AI-enabled wearables.
Meta is currently partnering with EssilorLuxottica (ESLX.PA).opens a new tab Ray-Ban and Oakley are brands that develop smart glasses equipped with AI.

“We are excited to have Limitless join Meta and accelerate our efforts to develop AI-enabled wearables,” a Meta spokesperson told Reuters.

Limitless, formerly known as Rewind, makes wearable “pendants” that clip onto clothing or straps. The device can record conversations and generate transcripts or create searchable summaries through a companion app. It's part of a growing category of AI assistants designed to improve memory and everyday productivity.

Meta and Limitless will continue to support existing users, but Limitless said it will no longer sell devices to new customers. Existing users will be asked to agree to the revised Privacy Terms in order to maintain their service.

Limitless has raised more than $33 million from investors including Sam Altman and A16z.

Report by Echo One in New York. Editing: Matthew Lewis

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