Snap, the company behind Snapchat, is working on releasing the next iteration of its Spectacles AR glasses (‘Specs’) to the public next year.The updated version of the AR glasses will be smaller, lighter, and more capable, along with compatibility with Snap's library of Lenses.Snap also announced major updates to Snap OS, including new integrations for creating AI-powered Lenses and expanding spatial and audio capabilities.The release of AR glasses to consumers could position Snap as a first mover in the market, ahead of other tech giants like Apple, Meta, and Google.