The second picture refers to the CSR chip as a "GPS Transceiver" -- it's a receiver, not a transceiver. (It might seem picky, but it's amazing how many people think that the GPS chip in their smartphone transmits signals to the GPS satellites.)
The TI OMAP5 is an option for the next generation Glass, but the competition is very strong and would likely desire to displace TI in Glass. In a November 14, 2012 article entitled, "TI cuts 1,700 jobs in OMAP shift", EETimes reported that TI were re-targeting their OMAP R&D away from mobile computing and towards embedded systems. So, depending on how one sees the Glass, one could draw different conclusions. Of course, it is up to Google to make that call.
We first saw the OMAP4430 in devices starting in 2011. While it has had a long life, there are currently far superior options available for new development work.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.