A device trying to duplicate a part of smartphone/smartwatch functionality is doomed to fail, as those can easily just be an app on said devices.
So the computation part is likely out of the question. Input/output remains, and there is really not much you can innovate here.
Smartglasses? EarPod clones?
OpenAI wants to get into the hardware business, so they came up with something. Is it going to be something people actually want? I am skeptical, but as a consumer it's cool that so companies are trying out various new devices even if most of them are no good.
They can accept that building a smartphone is doomed to fail, and they want to build some hardware, so they're experimenting with all the "not a smartphone" form factors they can think of to see what sticks.
(Wrote a brief note about it here: https://zero2data.substack.com/p/openai-policy-and-privacy)
(Please don't look at our $60B a year burn rate financials.)
Just a chatbot in a box.
You yourself have not felt the need to hook an LLM up, and you already have the hardware! :p
and some sort of 'wand' that can "see your surrounding area", maybe radar or imaging? https://www.iyo.ai/iyo-wand
And they mention "Holding and pressing the action button turns the Privacy Light red and allows the agents to see anything you point Wand at."
They certainly don't seem to have a problem with using the same name repeatedly given the 300-or-so products called Codex at OpenAI.
Hopefully this gets appealed, but it might be too late for this product launch