The device is described as a thin, flat, circular disc with an aluminium and glass shell, including a physical button and wireless charging capabilities.
Apple plans to release the AI wearable next year, with an ambitious target to produce up to 20 million units at launch.
This development follows Apple's recent announcement that its new AI features, including a revamped Siri assistant, will be powered by Google's Gemini.
Other tech giants are also venturing into AI hardware, with OpenAI developing a device led by former Apple designer Jony Ive for a 2026 launch, while US startup Humane's earlier AI Pin product failed and is no longer supported.