Peloton’s Latest Moves Hint at a Possible Smartwatch

Illustration for article titled Peloton's Latest Moves Hint at a Possible Smartwatch

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Pelotons had a lot of ups and downs over the past year, but it recently snapped up an interesting mix of smaller tech companies. This latest round of acquisitions seems to hint that the company could be mulling its own wearable deviceor at the very least, adding some interesting AI-powered features to its existing products.

Recent reports from Bloomberg and Wareable say that Peloton bought Aiqudo, Atlas Wearables, and Otari late in 2020. Aiqudo is an AI startup that specializes in helping developers add digital assistants to apps and devices. Otari has made an interactive workout mat complete with its own screen. Otaris mat also includes a form of AI coaching to help correct form and count reps. Lastly, Atlas Wearables makes wearable sensors that focus on accurately recording workouts involving weights and bodyweight movessomething that no smartwatch has really figured out how to do well.

The Atlas Wearables acquisition is especially noteworthy. The company has built up a huge database of exercises, based on the actual movements of personal trainers from a wide variety of activity types like HIIT, Crossfit, Bootcamp, strength training, etc. Right now, while many trackers and smartwatches do offer strength training or weight recording, theyre terrible at recording how many reps of which exercise youve done. For some, like the Apple Watch, these activities just record your heart rate and duration, with calorie burn calculated based on a combination of other metrics. This is one of the biggest gaps in fitness tracking right now, as most available wearables are more suited to tracking cardio or recovery-based activities and metrics.

If you put it all together, it looks very much like Peloton could be laying the groundwork to expand its hardware to include better automatic workout detection, digital assistants, and, possibly, AI form coaching. Its a compelling thought when you consider Pelotons current ecosystem. Its bikes and treadmills all include big screensand its newer bike and treadmill both have screens that rotate so you can switch from cycling/running to other exercise types more easily. Plus, Peloton also sells its own heartrate monitors and offers integration with the Apple Watch. Lastly, the company recently rolled out a feature called Stacked Classes, which allows you to more easily create a workout playlist. As in, you can schedule a 30-minute bike ride, followed by a 20-minute strength session, and a 10-minute cooldown. Adding a smartwatch-like gadget (or AI detection to its screens) that can auto-record you switching from one activity to the next or provide live feedback about form would be a massive achievement.

More food for thought: Peloton also dropped $420 million to buy Precor, one of the worlds largest commercial fitness equipment makers, in December. At the time, it looked like the move was more to shore up Pelotons supply chain and address those pesky, months-long delays that have frustrated many new buyers. In addition to gaining all of Precors U.S. production facilities, the deal also included the companys 100-member research and development team. This would, theoretically, give Peloton the ability to produce any new hardware on its own.

We wont know what comes out of all these acquisitions for a while. And while Peloton itself is rather bullish about its growth post-pandemic, there is the looming possibility that its notorious delays and cabin fever result in people flocking back to gyms once lockdowns end. Still, all these acquisitions seem to point to a future where Peloton only becomes more powerful and influential in the connected fitness worldnot less.

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