Warby Parker (WRBY) Joins AI Race, Google Backs Smart Glasses Project

We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Warby Parker Inc. (NYSE:WRBY) stands against other AI stocks that are making waves this week.

Warby Parker Inc. (NYSE:WRBY) is an American eyewear brand that recently turned into a surprising AI play owing to its recent partnership with Google. On May 21, the company announced a partnership with Google to develop AI-powered glasses designed for all-day wear. The partnership will integrate Warby Parker’s signature approach to eyewear design with Google’s industry-leading technology ecosystem. Together, the two companies will bring the next generation of computing to glasses. Google has committed as much as $150 million to the deal, with half of it going toward product development. The first line of products brewing from the partnership is expected “after 2025.” These products will incorporate multimodal AI with prescription and non-prescription lenses.

A woman wearing a stylish pair of eyeglasses walking through a shopping center.

“Warby Parker’s optical expertise, omnichannel approach, and history of leveraging technology to create beautifully designed products and exceptional customer experiences make them the perfect partner to co-create and launch this next generation of smart glasses on the Android XR platform.”

-Shahram Izadi, GM and VP of XR at Google.

Overall, WRBY ranks 8th on our list of AI stocks that are making waves this week. While we acknowledge the potential of WRBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRBY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.