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.”

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