Peloton Breaks Out Checkbook For AI, Hardware Acquisitions

“Peloton has bought up three companies that will now give it expertise in wearable devices, artificial intelligence (AI), digital voice assistants, and interactive workout mats, Bloomberg reported.
The deals could also help Peloton debut its own digital voice assistant, with the engineers joining the company focused on AI and computer vision technology.
“What’s clear is the shift into the home is not a COVID-led phenomenon,” Foley said at the time. “It has accelerated it. There’s a secular shift into business in the home. It’s a better experience and a better place at a better value, and consumers are all seeing that.”