Earlier quoted context omitted.
Uploadvr demystified this stuff a couple years ago: http://uploadvr.com/magic-leap-how-it-works/ Magic leap is a pair of glasses you wear on your face that displays AR imagery through a clear glass lens. There's a cable leading from these glasses to your pocket where you have a tablet-size device doing all the heavy lifting, most likely using mobile SoC's. Pretty sure you can't run a desktop CPU and GPU on a pocketab…
There is a bigger problem, as well. Tracking, the glasses will need to use a lot of the GPU (and CPU) processing power for simply tracking the environment. So they don't have backgrounds, that doesn't account for much anyway, like maybe 10% of GPU power goes to that. Tracking an environment takes like an entire card at the moment.
One of the researchers posted a 30ish min video on the hardware inside the Hololens on YouTube. It's this HPU / sensors that Microsoft is licensing to the hardware manufacturers for the upcoming VR and AR headsets. We'll know more December 8th, and after their hardware expo later this year.