Tekcapital investee launching ChatGPT-capable smart eyewear

14th Apr 2023 12:39

(Sharecast News) - Intellectual property investor Tekcapital announced on Friday that Innovative Eyewear would be holding an eyewear fashion show on 20 April in Miami.

The AIM-traded firm said the event would showcase its investee's new smart eyewear line, 'Lyte 2.0', as part of its Spring 2023 collection.

It explained that Innovative Eyewear, the developer and retailer of smart eyewear under the Lucyd, Nautica, and Eddie Bauer brands, was aiming to "disrupt" the global smart eyewear market with new designs and upgraded technology.

Innovative's flagship smart eyewear line, Lucyd Lyte, now integrated ChatGPT through its patent-pending Lucyd app.

The feature would allow users to make and receive calls, listen to music, use voice assistants, and ask ChatGPT questions and receive spoken answers.

"We believe that our smart eyewear app, integrating ChatGPT, is a paradigm shift in the fashion eyewear market," said Innovative Eyewear chief executive officer Harrison Gross.

"With our new Lucyd app, which is free during the open beta, we are continuing to make smart eyewear more accessible and functional.

"It's our view that a great pair of smart glasses is defined by three key factors - beautiful design, innovative technology, and suitability for all-day wear."

Gross said the Lyte 2.0 eyewear collection would offer those attributes, and provide a fourth factor - access to one of the world's most popular artificial intelligence (AI) bots.

"By connecting to ChatGPT via voice commands on Lucyd smart eyewear, users can now access a wealth of detailed information on just about any subject, making smart eyewear a wonderful mobile learning tool."

Tekcapital currently owns 5,189,086 shares, or around 67%, of Innovative Eyewear.

At 1220 BST, shares in Tekcapital were down 0.28% at 17.7p.

Reporting by Josh White for Sharecast.com.