No. Valve hired Jeri to build them a hardware group to work on 'the next thing'. That team split in the middle with Jeri doing AR and the rest doing VR. Valve didnt want AR and dropped Jeri and her team (just fired them one day without explanation). The only decent thing Valve did was let Jeri keep all the AR IP she build with her team.

Thanks, but I am definitely not confusing the two.