Meta plans to test AI pendant in spring 2027 to ease Reality Labs losses

Meta's Reality Labs has been losing money for a long time, with over $4 billion in operating losses last quarter and only $402 million in revenue. To turn things around, Meta plans to test an AI pendant in spring 2027 and expand its smart glasses lineup to boost use of its AI models and Hatch assistant. Meta bought Limitless in December 2025, which made a $99 neck-worn device that records chats and summarizes info. Meta has big goals: sell 10 million wearables in the second half of this year and reach 6.8 million monthly active users by year-end. Partner EssilorLuxottica says Meta smart glasses sales topped 7 million pairs in 2025.