https://www.cnet.com/news/qualcomms-first-vrar-chip-xr1-will-give-us-a-lot-more-things-like-oculus-go/

Standalone VR headsets like Oculus Go have shown up to middling reviews, and smart glasses are still a mess. If AR and VR headsets don't get smoother and cheaper, they may never catch on. Qualcomm's trying to help with a new chip, the Snapdragon XR1, intended to get more affordable AR/VR wearables off the ground and possibly AI-assisted wearables, too.

XR stands for "Extended Reality," Qualcomm's terminology for AR,VR and everything in between. But don't expect magical holographic headsets like Magic Leap. XR1 is aimed at making existing smartglasses work better, and be cheaper. Qualcomm is specifically aiming XR1 at helping AR/VR get more convenient, comfortable and affordable.