MidJourney, led by former Magic Leap CEO, to release hardware product

What could it be? Based on the backgrounds of everyone involved, it could be something VR/AR.

I also wonder if hardware is the right thing to get into right now, I imagine Apple and Google will have most consumers locked down. Your phone already has all your photos, email, music, location, etc.

Per article, former CTO, not CEO, and of Leap Motion, not Magic Leap.