In the last few months, Meta has seemingly taken its foot off the gas when it comes to developing next-generation VR hardware and experiences. The Beijing-based Chinese competitor, ByteDance, the creator of TikTok, is going the other way — and it appears focused on expanding its work beyond just gaming.
The Pico Project Swan, announced at Mobile World Congress in Barcelona this week, is a lot of head hardware. Coming “later this year,” according to ByteDance, it doesn’t sound cheap. An onboard micro…

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