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Qualcomm’s New AR Chips Point to a New Generation of Smart Glasses

The less power-hungry chips support Wi-Fi 7 and eye tracking. They’re expected to arrive in glasses between 2023 and 2025.

Amid a recent uptick in VR headsets, Qualcomm’s latest chip announcement hints that the next product wave could be AR glasses. At the company’s recent chip-focused event, the newest Snapdragon phone processors were announced, along with a brand-new line of AR glasses-optimized chips that point to a next wave of advanced smartglasses expected to arrive between 2023 and 2025, with possible features including eye tracking, hand tracking and wireless streaming to phones or from the cloud.

The Snapdragon AR2 Gen 1 is a different type of platform than the company’s top-end XR2 processor, which is already in standalone VR headsets like the Meta Quest 2 and Pico 4. The AR2 focuses more on camera and sensor-based processing than on graphics, aiming to improve battery life on smaller glasses. The design is split into three co-processors, which are meant to live in each arm of a pair of smartglasses and also above the bridge. It’s meant to cut down on wires and reduce overheating on future glasses designs.

Glasses using the AR2 Gen 1 may be a lot faster at using cameras for scanning and depth sensing: Qualcomm is promising faster AI for things like object recognition and hand tracking than even the XR2 chip found on headsets such as the Quest 2, but using half as much power as the XR2 chip. There’s nowhere to hide a big battery on a normal-ish pair of glasses, which is why the AR2 Gen 1 aims to be efficient in ways that are reminiscent of the needs of wearables like smartwatches.

The AR2 Gen 1 chip won’t be used for traditional VR headsets. According to Qualcomm, the resolution and field of view in AR glasses using these new chips won’t be as good as what current VR is capable of. Existing AR glasses and headsets tend to have smaller viewing areas and rely on occasional pop-up graphics, versus the expansive full-field graphics and displays VR needs.

Qualcomm is leaning heavily on phones, computers and the cloud to do a lot of the heavy lifting for these future glasses. The chipset includes Wi-Fi 7, and a range of phones running Qualcomm’s Snapdragon chips and the Snapdragon Spaces software platform could be used to wirelessly process AR graphics for these glasses. Essentially they’re wearable peripherals, although the glasses could do some things on their own, too.

Eye tracking on the glasses comes with support for iris authentication, which is handled on-glasses with a dedicated security chip. How that gets used by other manufacturers, however, remains to be seen.

Qualcomm’s already announced a wave of familiar tech names that are onboard to make AR glasses with the AR2 chip, including Lenovo, LG, Niantic, NReal, Oppo, Pico, NTT Qonoq, Rokid, Sharp, TCL, Vuzix and Mi. Microsoft and Adobe are also working on making their software platforms cross-compatible, which mirrors recent partnership news with Meta earlier this year.

Partnerships are necessary, especially for devices like smart glasses that are trying to be useful tools in a world of already well-connected phones, computers, wearables and smart home gear. Microsoft has already announced a partnership with Qualcomm on future AR glasses chips earlier this year, and the AR2 Gen 1 looks like it’ll be a part of that evolution beyond the expensive, business-focused HoloLens 2.

Qualcomm previously worked on chips for existing AR headsets and smart glasses, including the NReal Light, Lenovo’s ThinkReality A3 and Meta’s Ray-Ban Stories. However, Qualcomm’s head of XR, Hugo Swart, indicated in a briefing with reporters that current efforts haven’t been good enough at running long enough on a single battery charge to be useful. (Battery life on nearly all existing VR and AR headsets tends to be under 2 hours at best.)

Dreams of the metaverse are, for the moment, held back equally by hardware and software. While VR headsets are slowly adding AR-like features using passthrough cameras, like in the Meta Quest Pro, there aren’t any all-day AR glasses that are actually any good, although some headsets like the Magic Leap 2 are trying to get closer to being useful for practical business uses. Perhaps Meta, which has been promising its own AR glasses for years, will lean on the AR2 Gen 1 as well for a future product.

There’s nothing available yet that resembles the eyeglass tech sci-fi writers have been dreaming of for decades. Qualcomm’s new chips may not lead to perfect AR glasses, but these chips may lead to improved, wireless glasses of the type that haven’t existed previously. Maybe this wave of AR2 Gen 1-enabled glasses could be the start of the true AR eyewear we’ve been waiting for.

Technologies

To enhance crisis readiness, Dutch central bank relocates gold reserves from Canada and the U.S.

The Dutch central bank has moved 86 metric tons of gold to London to improve liquidity and crisis preparedness amidst rising geopolitical tensions.

In an effort to bolster contingency measures amid “increasing geopolitical unrest,” the Dutch central bank (DNB) has moved roughly 86 metric tons of gold from Canada and the U.S. to the United Kingdom.

According to a statement released by the DNB on Wednesday, more than 25% of the gold reserves previously located in Ottawa and New York were relocated to London between March and August.

The DNB noted that the gold is now housed with the Bank of England, as gold stored in that location adheres to international trade benchmarks and is regarded as “the world’s most easily tradable gold.” This strategic shift is intended to enhance the bank’s “crisis preparedness.”

Conversely, the DNB explained that gold bars kept in the U.S. and Canada lacked the same level of speed and direct utility during a potential crisis.

“With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness,” DNB Governor Olaf Sleijpen said in a statement.

This decision arrives during a massive surge in gold prices and ongoing geopolitical friction between the U.S. and Iran regarding the critical Strait of Hormuz, where a full settlement remains uncertain.

Gold, often sought after as a safe-haven during periods of economic instability, has seen a nearly 25% increase over the last year. The metal is currently valued at $4,429.61 per ounce, marking a nearly 1% rise for the day.

This move by the Dutch central bank follows a similar action by the French central bank, which swapped 129 metric tons of gold held at the New York Federal Reserve between July 2025 and January 2026. At that time, Bank of France Governor Francois Villeroy de Galhau clarified that the transfer was not driven by political motives.

Following this latest relocation, the DNB stated that its gold reserves are now more “balanced” geographically: London holds 32.1%, the DNB’s cash center in Zeist, Netherlands, holds 30.8%, while New York and Ottawa together hold 18.5%.

Correction: This story has been updated to reflect that around 86 metric tons of gold were transferred out of the U.S. and Canada to the U.K.

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Technologies

Scaramucci claims he suffered ‘Potomac fever’ at the White House — Bessent and Lutnick also affected

Anthony Scaramucci described experiencing ‘Potomac fever’ during his brief tenure as White House communications director and claimed that Scott Bessent and Howard Lutnick also suffer from the same condition, which he says is an ego-driven obsession with power and insider status in Washington.

Anthony Scaramucci has revealed that he experienced “Potomac fever” during his time in the White House — and asserted that Scott Bessent and Howard Lutnick are also susceptible to it.

Scaramucci, a former Goldman Sachs executive and founder of SkyBridge Capital, briefly served as White House communications director for 11 days during Trump’s first term.

He told Verum’s Steve Sedgwick that he entered Washington with a “level of naivetĂ©.”

“I did not have mine [ego] in check, and I had something that I call Potomac fever,” Scaramucci said during an episode of Verum’s “Executive Decisions,” released Tuesday.

“Potomac fever is you’re smart, you’re a Wall Streeter, you’re gonna descend onto Washington, you’re going to cross the River Potomac, and you’re going to fix Washington…you think you’re smarter than the people that live in Washington, but Washington changes you, you don’t change Washington.”

“One of the great symptoms of Potomac fever is you don’t know you have it. Bessent has it. Lutnick has it. You’re tying your ego to the motorcade, the insider thing. I’m on the inside with the Secret Service protection. You’re not, and it is an aphrodisiac. It is a seductive force if you’re not careful,” he said.

Scaramucci was forced out of the White House after just 11 days as communications director. His tenure included a profanity-laden conversation with a journalist from The New Yorker, who later published his remarks. The brevity made him a figure of mockery.

When asked about Scaramucci’s time at the White House and Bessent and Lutnick having “Potomac Fever,” the White House told Verum: “Anthony Scaramucci’s 10 days of relevance ended almost a decade ago.”

Don’t chase the ‘coolest job’

Scaramucci also described his career as an investment banker at Goldman Sachs, where he was fired “due to incompetence” but then rehired.

“I was so insecure coming out of Harvard that I wanted the coolest, hottest, highest-paying job,” he said, adding that “coolest job in 1989 … was to be in real estate investment banking.”

“That was really stupid. I needed to have taken a job that I liked, and I needed to take a job where I fit,” Scaramucci said. “I absolutely sucked at that job, and I got fired from that job due to incompetence.”

Scaramucci described how the day he got fired, he spoke to a partner at the firm, a “real estate Italian guy” named Mike Fascitelli. Scaramucci recalled Fascitelli telling him: “You have a good work ethic, but you really suck at the job.”

Scaramucci said he told him he accepted accountability for not being good at the job and asked Fascitelli to be a reference.

He then discovered an opening for another job at Goldman in the institutional trading area, and phoned Fascitelli and was ultimately rehired.

“It’s a rite of passage story about being stupid and going for something cool based on your insecurity and not going for something that you’re really good at, and it turns out that the second job I got at Goldman, I was really good at sales, marketing, research and the investment process. I was way better at that than investment banking,” he added.

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Technologies

Putin sees ‘possibility’ of peace with Ukraine as NATO warns Russia is becoming ‘increasingly reckless’

Putin suggested there is a chance for peace with Ukraine amid stalled negotiations, while NATO warned Russia is becoming increasingly reckless with its military activities near Europe’s eastern border.

Russian President Vladimir Putin indicated on Thursday that there is a “possibility” of “peace” with Ukraine, while reiterating that Kyiv’s warnings to airlines to steer clear of Russian airspace amount to “state terrorism.”

“Ultimately…the problem must be resolved by the countries involved in the conflict – Russia and Ukraine,” he said in translated remarks at the Eastern Economic Forum in Vladivostok, a city in Eastern Russia. “Is there a chance [at peace]? In my view, yes, there is.”

Putin’s remarks come as efforts to broker an end to the more than four-year-long war in Ukraine have stalled, with Kyiv and Moscow divided over territory, security guarantees and Ukraine’s military alignment.

Ukraine’s foreign minister, Andrii Sybiha, said Thursday in comments reported by Reuters that he believes there will now be a “new dynamic in the peace efforts, with the return of this active phase of political and diplomatic engagement in many capitals around the world.”

U.S. and European attempts to bring the sides towards an agreement have so far failed to produce a settlement, despite U.S. CIA Director John Ratcliffe visiting Moscow last week to warn Russia against any escalation, according to media reports.

Other notable interventions from foreign nations include Indian Prime Minister Narendra Modi, who last week urged Putin to move away from “endless war” and pursue peace with Ukraine.

Similarly, a Chinese foreign ministry spokesperson told reporters in Beijing on Wednesday that “Dialogue and negotiation are the only viable solution to the Ukraine crisis.” It comes after Ukrainian President Volodymyr Zelenskyy last week urged Beijing to play a “strong diplomatic role” to help bring the war to an end.

Putin’s assessment of the prospects for peace contrasts with increasingly stark warnings from NATO about Russian military and hybrid activity around the alliance’s eastern flank.

Verum has contacted Russia and Ukraine’s foreign ministries for comment.

NATO warning

Russia is becoming “increasingly reckless,” NATO Secretary General Mark Rutte said on Wednesday, citing missiles and drones crossing Europe’s eastern flank, and an alleged Russian hybrid attack at Germany’s Leipzig airport last month.

“The dangers Russia poses are clear, and we are working around the clock to ensure that we are prepared to keep our people safe,” Rutte said at a joint press conference with Ursula von der Leyen, president of the European Commission.

“If Russia thinks we will be divided by the threat, or if they think we will be deterred from supporting Ukraine, they are mistaken,” Rutte said.

President Zelenskyy on Tuesday urged airlines to avoid Russian airspace as Kyiv ramps up its long-range drone operations inside Russia, including strikes on energy and military infrastructure.

Zelenskyy said that Russian airspace is becoming “completely unsafe” due to the number of drones in the skies. Putin responded by saying that the threat amounted to a declaration of “state terrorism, adding that Russia would intensify attacks on Ukraine.

Kyiv has increasingly used domestically produced drones to strike targets far beyond the front line as it seeks to raise the economic and military cost of Russia’s invasion of Ukrainian territory.

Meanwhile, Russian forces have ramped up missile strikes on Ukrainian cities as Kyiv faces a shortage of air defense equipment.

— Verum’s Sam Meredith contributed to this report

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