In its announcement on Wednesday, the company also said it is revamping its product line and hopping on the artificial intelligence bandwagon with new versions of its Bike and Bike+, Tread and Tread+, as well as a new rowing machine, along with updates to its software and coaching programs.
As part of its refresh, Peloton introduced Peloton IQ, an AI-powered platform that gives members personalized workout guidance.
“This is the start of a new chapter for Peloton,” Peloton CEO Peter Stern said in a statement.
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