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Pharos-CY Proposal Secures EuroHPC Endorsement, Elevating Cyprus in European Innovation

by THEFUTURE.TEAM

October 16, 2025

Strategic Collaboration With Greek AI Factory Pharos

Cyprus has once again demonstrated its commitment to technological leadership by successfully securing the Pharos-CY proposal as part of the EuroHPC Joint Undertaking. This milestone positions the nation as a burgeoning hub of innovation, as it officially integrates into Europe’s elite network of AI Factories. Through this initiative, the country will establish its own AI Factory Antenna, reinforcing its capabilities in advanced artificial intelligence infrastructure.

Accelerating Developments Across Key Sectors

The Pharos-CY initiative is set to expedite the deployment of high-value AI solutions with transformative applications in critical sectors. Target areas include healthcare and biomedical research, clean tech focused on green energy and sustainability, and cultural as well as linguistic technology. Such strategic applications illustrate a well-rounded approach to leveraging AI for societal and economic growth.

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Leveraging Greek Language Models and Expertise

A significant aspect of the project is the collaboration between Cyprus and Greece on training large language models (LLMs) specifically tailored to the Greek language and cultural context. These models will drive advancements in machine translation, text analytics, digital advisory services, and cultural data management, thereby preserving and enriching Greece’s linguistic heritage while fostering technological innovation.

New Opportunities for Cyprus’ Startup Ecosystem

Pharos-CY extends substantial benefits to Cyprus’ ecosystem of startups and SMEs by granting access to the advanced ‘Daidalos’ supercomputing infrastructure along with cutting-edge AI tools, technical support, and educational programs. This initiative equips entrepreneurs and researchers with the necessary resources to integrate innovative AI technologies into their operations, accelerating the country’s digital transformation.

Strategic Impact for Cyprus

The success of the Pharos-CY proposal is a pivotal step towards creating a robust national AI ecosystem that aligns with the government’s strategic roadmap for technological integration across public administration and the broader economy. By joining the prestigious network of AI Factories, Cyprus reaffirms its commitment to investing in data, talent, and digital infrastructure, thereby cementing its role in Europe’s AI-driven future.

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Smart Glass Revolution: EssilorLuxottica And Meta Propel Wearable Innovation

by THEFUTURE.TEAM

October 17, 2025

Partnership Driving Growth

EssilorLuxottica has reported robust revenue growth in the third quarter, fueled by its strategic collaboration with Meta. As detailed during the earnings call, the Ray-Ban Meta smart glasses significantly boosted the company’s wearable product category. With a year-over-year sales increase of 11.7% to 6.9 billion euros, more than 4 percentage points of that growth is directly attributable to the wearables segment.

Innovative Product Launches

The partnership, initiated in 2019, has expanded to include major brands under the Luxottica umbrella, such as Oakley and ongoing collaborations with Prada. The recent Meta Connect event in Menlo Park featured exciting new releases, including the $799 Meta Ray-Ban Display glasses with a unique neural-powered wristband, along with the $499 Oakley Meta Vanguard and $379 Ray-Ban Meta (Gen 2) glasses. These products underscore a significant shift towards smart, internet-connected eyewear that leverages Meta’s AI-powered digital assistant.

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Market Trends And Future Outlook

EssilorLuxottica’s CFO, Stefano Grassi, expressed strong optimism for the near-term outlook, driven by the launch of diverse new products stemming from the Meta Connect event. With wearables anticipated to eventually replace many functionalities of today’s smartphones, the company is poised to accelerate its capacity to meet growing demand, aiming to surpass the previously set target of 10 million units by the end of 2026.

Competitive Landscape

The smart glasses market is witnessing intense competition, with tech heavyweights such as Alphabet, Alibaba, Apple, and OpenAI making their entry. Alphabet, for instance, recently announced a $150 million investment with Warby Parker, while Alibaba unveiled its own AI-powered smart glasses featuring the Quark digital assistant. This flurry of activity underscores a broader industry trend towards the integration of wearable technology with advanced AI capabilities.

Conclusion

EssilorLuxottica’s robust performance and strategic initiatives with Meta highlight a pivotal moment in consumer electronics and wearable innovation. As smart glasses continue to evolve into multifunctional digital devices, both legacy and emerging brands are set to redefine how personal technology converges with everyday life.