Warby Parker jumps an eye-popping 17% as investors cheer its AI glasses partnership with Google

Tech companies just can’t seem to envision a future without smart glasses.

Warby Parker surged 17% in afternoon trading on Tuesday after announcing a partnership with Google to develop AI-powered glasses, set to launch sometime after 2025. The tech giant will reportedly invest up to $150 million into the product.

Just how the glasses will be AI-powered still seems up in the air, though Warby CEO David Gilboa in a press release said the devices will offer “real-time context and intelligence” that will augment a wearer’s surroundings.

The move appears to be an effort by Google to grab a chunk of Meta’s relative success with its Ray-Ban smart glasses, though the wearable tech in general tends to fizzle out after a brief hype stage. In February, Ray-Ban owner EssilorLuxottica said it had sold 2 million pairs of the smart glasses since their launch in October 2023.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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