What we’re expecting
Unlike the Humane AI Pin, there is no screen, laser projector, or haptic display. All output goes through the iPhone. Standalone output hardware added cost and weight to the Humane Pin without making it any smarter.
Apple's rumored AI pendant reportedly has an always-on camera and a microphone, and nothing else, no screen, no projector. You wear it, it watches and listens, and Siri handles the rest. Whether that's enough to make it useful depends entirely on how good Siri actually is, which hasn't been Apple's strongest argument lately.