Founded by former Apple design and engineering team Imran Chaudhri and Bethany Bongiorno, Humane's device magnetically clips onto clothing and will cost $699 with a $24-a-month subscription -- which will come with unlimited data and phone calls.

The company also said it would partner with T-Mobile for phone service and Microsoft and OpenAI for AI technology. The device will be available to order starting 16 November.

Humane kept most of its work under wraps until Chaudhri gave a demo of the device at a TED Talk in April. In September, the pin adorned models including Naomi Campbell at Paris Fashion Week.

The Humane Ai Pin is meant to eventually be a smartphone replacement. The subscription plan comes with its own phone number, and it doesn't need to be paired with a phone.

The device is screenless, and people will interact with it via voice, touchpad, gesture or by holding up objects. It also features a laser projector that can emit text onto the user's hand.