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,

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

OpenAI is set to acquire hardware startup io Products—founded by former Apple design chief Jony Ive—for nearly US$6.5 billion, marking a bold entry into the consumer hardware market. The deal, expected to be finalized soon,

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

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.