Meta Platforms (NASDAQ:META) is reviving its previously shelved “Malibu 2” project, with plans to launch its debut smartwatch in 2026. The watch is anticipated to offer health tracking features and an integrated Meta AI assistant, The Information reported on Wednesday.

The revival of this project marks a significant return for AI-powered wearables, particularly in the health and fitness industry.

The report also indicated that Meta has roughly four augmented reality (AR) and mixed reality (MR) glasses under development. The company is currently reevaluating its launch schedules to prevent the release of too many devices in a short period, which could potentially confuse consumers.

Reality Labs employees were notified in December that the launch of Phoenix, its MR glasses, had been delayed until 2027.

The company had initially toyed with the idea of a smartwatch around five ...