A 'weird' IPO pull, a tainted reputation and the stalled breakout moment for AI wearables

The Meta Ray-Ban Display AI glasses at Meta headquarters in Menlo Park, California, US, on Tuesday, Sept. 16, 2025.

David Paul Morris | Bloomberg | Getty Images

Two years ago, Bella Nowroozi was on a date at the mall when she noticed something odd: A blinking light on her companion's glasses.

The 24-year-old master's student instantly recognized the frames as the Meta Ray-Ban smart glasses she had seen on social media. She told him to delete the recordings.

"I was honestly pretty shocked," Nowroozi told CNBC, reflecting on the interaction. "I hadn't really experienced anything like that before. I was also scared to go on dates after that as openly as I did before."

Apple, Google, Meta and a swarm of other tech contenders are betting that new artificial intelligence wearables in the form of glasses, rings, charms and pendants can push the market toward its category-defining moment. But as the gadgets have grown in notoriety, they've also been met with privacy backlash and doubts about whether the technology is beneficial enough to become a fixture in everyday life.   

Meta made a splash last week with the unveiling of its Tamagotchi-like Muse Charm, a custom housing for its personal agent app that quickly topped Apple's iOS App Store free apps list. The company has continued to release new iterations of its Meta Ray-Ban AI glasses and offers an array of models at different price points.

This week, OpenAI rolled out its own personal assistant called Dots. The ChatGPT maker is also working with iPhone designer Jony Ive on consumer devices, but its first offering does not appear to be a wearable, according to Bloomberg. Apple provided a look at its latest devices at the beginning of September, complete with AI features on the Watch Series 12 that will listen to your conversations.

Besides the plethora of available devices, the market looked set this week to keep the momentum rolling with the debut of smart ring maker Oura.

"Them jumping out of this IPO is kind of weird," he said.