Jony Ive, who helped design products like the iPhone and iMac, worked closely with Steve Jobs for more than 10 years until the Apple co-founder's death in 2011.

Here’s what we know: it’s probably not smart glasses. Beyond that, we don’t know much about what Jony Ive and OpenAI are building through their newly combined company io, except that it’s some kind of AI super-gadget. But after a couple of years of watching the industry try and shove AI into every form factor you can imagine, we have some guesses.

The iPhone maker is looking to join the emerging trend of AI-powered devices – an area where it faces fresh competition.

Barton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to discuss the AI battle between Apple and OpenAI, future of AI-powered devices, OpenAI's purchase of former Apple designer Jony Ive's design firm,

Even after an uncommonly eventful week for generative AI-centric device development, we don’t know much about what consumers really want.

A report of collaboration between Jony Ive and OpenAI has sparked interest in a new AI device, set for mass production by 2027. The device, designed for ambient intelligence, will likely rely on smartphones for display and will be assembled in Vietnam to avoid Chinese manufacturing dependencies.

OpenAI CEO Sam Altman became a household name after the release of OpenAI's groundbreaking AI model, ChatGPT.