ByteDance, the parent company of TikTok, is developing mixed reality goggles through its virtual reality startup Pico, aiming to compete with Meta's products. The lightweight goggles will offload processing to a separate puck, minimizing weight and enhancing user experience, while specialized chips will reduce latency between the user's movements and the augmented reality display. The release timeline and availability in the US remain uncertain due to concerns over ByteDance's ownership of TikTok.