HotHardware published Qualcomm Launches Snapdragon XR1 Platform For Standalone Augmented And Virtual Reality Headsets A quote from the article:

Qualcomm is looking to make Extended Reality (XR) the next big thing in mobile computing. XR is the term that Qualcomm has coined to describe the full gamut of Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) experiences. With XR, Qualcomm is looking to provide a single platform that developers will be able to leverage for an array of different devices.

This is how Qualcomm describes XR:
At some point in the future, we envision the convergence of the smartphone, mobile VR headset, and AR glasses into a single XR wearable. In this scenario, a single pair of XR glasses will primarily be used for AR, but will also occasionally be used for VR. XR could replace all the other screens in your life, like that big TV in your living room.

To power these XR experiences, Qualcomm is announcing a dedicated XR Platform, aptly dubbed Snapdragon XR1. According to the company, Snapdragon XR1 has been specifically optimized for AR and includes artificial intelligence (AI) hardware to improve overall efficiency and deliver a high quality experience.

 Qualcomm Launches Snapdragon XR1 Platform For Standalone Augmented And Virtual Reality Headsets