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 all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.

Jony Ive became renowned for a meticulous design aesthetic that shaped the cultural zeitgeist during a 27-year career at Apple, which he left in 2019.

Jony Ive, the famed designer who joined Steve Jobs to develop Apple’s most popular products, will now curate new devices for OpenAI after his startup was acquired by Sam Altman’s firm earlier this week,

I really hope OpenAI's new hardware doesn't make me talk to myself in public.

It will be vastly more difficult for the new partnership to create a killer AI device than it will be for Apple to create an AI offering good enough to maintain the iPhone’s supremacy.

More details are trickling out about Jony Ive and Sam Altman’s new AI device. In a post on Thursday, Apple analyst Ming-Chi Kuo says his research indicates that the device could be larger than Humane’s AI pin, but with a “form factor as compact and elegant as an iPod Shuffle.”