ByteDance and Qualcomm have entered into a partnership to develop extended reality (XR) technologies, covering virtual, augmented and mixed reality. Pico Interactive, the Chinese virtual reality startup ByteDance purchased in August, will be the basis for the TikTok-owner to make its forays into the space. Pico’s XR products will be powered by Qualcomm’s Snapdragon Spaces, the chip maker’s developer program for extended reality app development. Qualcomm is cooperating with several companies, including Meta’s Oculus, to establish a leading role in the XR and metaverse sector. [TechCrunch]