Mid Journey has announced that they are working on hardware, but the exact details of the hardware are still unknown. There have been rumors and speculation, with some suggesting it could be a new Oculus or Vision Pro-like headset. Mid Journey has been engaging with people on social media, responding to comments and teasing the nature of the hardware. The CEO mentioned an 'orb' in a previous tweet, but it's unclear if this is related to the upcoming hardware. The AI hardware market has seen some flops in the past, but there have been successful collaborations like Meta's Ray-Ban glasses. Overall, the announcement has generated excitement and curiosity.