KEY POINTS
  • Facebook has partnered with Luxottica to develop augmented-reality Ray-Ban glasses, sources familiar with the matter told CNBC. 
  • Facebook is hoping a partnership with Luxottica will result in the glasses reaching consumers by 2023, 2024 or as late as 2025. 
  • The glasses are internally codenamed Orion, and they are designed to replace smartphones, the sources said.
Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc's annual F8 developers conference in San Jose, California, U.S., April 30, 2019.

Facebook has been working to develop augmented reality glasses out of its Facebook Reality Labs in Redmond, Washington, for the past couple of years, but struggles with the development of the project have led the company to seek help. Now, Facebook is hoping a partnership with Ray-Ban parent company Luxottica will get them completed and ready for consumers between 2023 and 2025, according to people familiar.

The glasses are internally codenamed Orion, and they are designed to replace smartphones, the people said. The glasses would allow users to take calls, show information to users in a small display and live-stream their vantage point to their social media friends and followers.