A Phone? Glasses? A Pin? Prediction Markets Buzzing About Jony Ive and OpenAI's First Device

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Sam Altman’s OpenAI has been working on launching its first hardware device for some time now after the success of ChatGPT.

OpenAI acquired former Apple Inc. (NASDAQ:AAPL) design chief Jony Ive’s AI hardware startup io Products, bringing Ive and his team into the company, boosting its hardware team.

What Will Be OpenAI’s First Device?

There has been a lot of speculation around what will be the first hardware device from OpenAI, with people expecting a phone, a pin, glasses and even smart speakers.

While the company is yet to confirm what its first device will look like, prediction markets are betting on what it could be.

Here’s What Prediction Market Is Saying

Data from Kalshi, a federally authorized betting platform, shows that over $134,000 has been bet on the contract "What kind of device will Jony Ive and OpenAI announce?"

According to bettors, a "clip-on device for clothing" like a pin has the highest probability at 18%, followed by "earbuds/headphones" at 13%.

Necklace and computers are next at 11% each, followed by a phone at 7% and glasses at 6%.

Disclaimer: Kalshi and Benzinga have an existing data collaboration agreement.

Apple and OpenAI

Apple on July 10 sued OpenAI in federal court, accusing the company of using Apple’s trade secrets to accelerate its push into consumer devices. The Cupertino tech giant has alleged that OpenAI’s chief hardware officer, Tang Tan, previously an Apple vice president, tried to extract confidential details from Apple employees who were interviewing.

The company has sent preservation notices to around 40 former Apple employees currently working at OpenAI as part of the lawsuit.

OpenAI’s First Hardware Device

According to a report by Mark Gurman of Bloomberg, OpenAI’s first hardware device could act as a home companion, allowing users to control appliances, play media, respond to messages and more.

Read Also: OpenAI's First Consumer Device Reportedly is a Mobile, Screen-Free Smart Speaker— Mark Gurman Says Apple Has 'Nothing Like It' Yet

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Meir Chaimowitz / Shutterstock

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