Add in Meta's recent hiring of former Apple design lead Alan Dye, and you can start to imagine where things might be headed. In the future, the Ray-Ban Meta Smart Glasses and Meta Ray-Ban Display could be two entries in a larger lineup of AI-powered wearables.

Limitless, the AI startup formerly known as Rewind, has been acquired by Meta, the company announced Friday on its website. The company, which made an AI-powered pendant to record your conversations, says it will no longer sell its hardware devices and will maintain support for its existing customers for a year.

Meta plans to release a new wearable device codenamed "Malibu 2" in 2026, according to an internal memo viewed by Business Insider.

The terms of the deal were not disclosed. Limitless has raised $33 million in funding from First Round Capital, Andreessen Horowitz, NEA and OpenAI Group PBC Chief Executive Officer Sam Altman. Meta competes with OpenAI in the large language model market.

Executives on Disney’s team of Imagineers feel Meta AI glasses will be an exciting part of the future of guest experiences – and how those moments are crafted.

A look at the Meta Lab on 8600 Melrose Ave. in West Hollywood, Calif., on Nov. 11, 2025.

Ray-Ban Meta (Gen 1) smart glasses are now 25% off. With them, you can capture video, translate languages, and use Meta AI hands-free.

Meta has acquired AI-wearables startup Limitless, maker of a pendant-style device that records and transcribes real-world conversations, as the social media giant doubles down on efforts to build AI-enabled consumer hardware.