Peloton explores placing its equipment in gyms, launching marketplace for used gear
Fitness equipment maker Peloton's CEO Peter Stern has said the company is exploring ways to expand its customer base by making its products available for use in gyms and launching a peer-to-peer marketplace for used equipment.
Speaking at Bloomberg Tech Summit on Thursday, Stern said Peloton plans to distribute its machines to commercial gyms via its subsidiary Precor, a gym equipment supplier, and is working to add Peloton workouts to compatible Precor equipment.
The company this week also set out to grab a share of the market for used Peloton equipment, launching a peer-to-peer marketplace called Repowered. 'Historically, [secondhand sales have] taken place, for example, on Facebook marketplace, and that's absolutely fine for people who want to do that, but it means that you need to transact with a stranger on both ends, and potentially have that stranger come into your home. What we're trying to do is streamline that and deliver a more premium experience for those secondhand customers,' he said.
Stern said the company aims to use AI to improve personalization for its members. 'I want to find ways to scale coaching by creating individualized programs for each of our members so that they can get the right class from the right instructor that's personalized for them,' he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
14 minutes ago
- Business Insider
OpenAI cofounder Greg Brockman says vibe coding has taken away some of the fun parts of being an engineer
OpenAI's cofounder said vibe coding has left human engineers to do quality control. On an episode of Stripe's "Cheeky Pint" podcast uploaded last week, OpenAI's cofounder and president, Greg Brockman, said that AI coding will only get better. But until then, it's taking away some parts of software engineering that he said are enjoyable. "What we're going to see is AIs taking more and more of the drudgery, more of this like pain, more of the parts that are not very fun for humans," Brockman said. He added, "So far, the vibe coding has actually taken a lot of code that is actually quite fun." He said that the state of AI coding has left humans to review and deploy code, which is "not fun at all." Brockman added that he is "hopeful" for progress in these other areas, to the point that we end up with a " full AI coworker" that could handle delegated tasks. Changing engineering landscape Using AI to write code, dubbed " vibe coding" by OpenAI cofounder Andrej Karpathy, has skyrocketed this year. Engineers and novices alike are using tools like Microsoft's Copilot, Cursor, and Windsurf to write code, develop games, and even build websites from scratch. Vibe coding has already started changing how much Big Tech and venture capital value people with software engineering expertise. In March, Y Combinator's CEO, Gary Tan, said that vibe coding is set to transform the startup landscape. He said that what would've once taken "50 or 100" engineers to build can now be accomplished by a team of 10, "when they are fully vibe coders." Earlier this month, Business Insider reported that AI coding is no longer a nice-to-have skill. Job listings from Visa, Reddit, DoorDash, and a slew of startups showed that the companies explicitly require vibe coding experience or familiarity with AI code generators like Cursor and Bolt. Still, some in tech circles say leaning on it heavily is short-sighted and the job is being trivialized. Bob McGrew, the former chief research officer at OpenAI, said that while product managers can make "really cool prototypes" with vibe coding, human engineers will still be brought in to "rewrite it from scratch." "If you are given a code base that you don't understand — this is a classic software engineering question — is that a liability or is it an asset? Right? And the classic answer is that it's a liability," McGrew said of software made with vibe coding. GitHub's CEO, Thomas Dohmke, said that vibe coding may also slow down experienced coders. On a podcast episode released last week, he said that a worst-case scenario is when a developer is forced to provide feedback in natural language when they already know how to do it in a programming language. That would be "basically replacing something that I can do in three seconds with something that might potentially take three minutes or even longer," Dohmke said.
Washington Post
26 minutes ago
- Washington Post
GOP tax bill would ease regulations on gun silencers and some rifles and shotguns
WASHINGTON — The massive tax and spending cuts package that President Donald Trump wants on his desk by July 4 would loosen regulations on gun silencers and certain types of rifles and shotguns, advancing a longtime priority of the gun industry as Republican leaders in the House and Senate try to win enough votes to pass the bill.
Yahoo
30 minutes ago
- Yahoo
Lake Street: AMT-130 Could Be Game-Changer For ClearPoint
uniQure N.V. (NASDAQ:QURE) is among the 11 Best Genomics Stocks to Buy According to Hedge Funds. Lake Street Capital reiterated its Buy rating and $30 price target for ClearPoint following uniQure N.V. (NASDAQ:QURE) regulatory update on AMT-130, an experimental gene therapy for Huntington's disease. A team of scientists in lab coats studying a microscope, working on developing gene therapy solutions. uniQure N.V. (NASDAQ:QURE) declared that it has partnered with the FDA to seek an expedited approval process for AMT-130. If the trials go well and the FDA approves it, Lake Street sees AMT-130 as maybe ClearPoint's first 'meaningful partner asset.' ClearPoint provides disposables valued at almost $20,000 for each AMT-130 infusion, suggesting a significant financial benefit associated with the therapy's effectiveness. The FDA's support might result in the approval by the end of 2026, which would have a big effect on ClearPoint's financial standing and confirm its strategic focus on image-guided neurosurgery and gene therapy delivery. According to Lake Street, this regulatory milestone increases clarity on ClearPoint's contribution to the advancement of clinical-stage gene treatments and provides further assurance regarding the clearance timeline for AMT-130. While we acknowledge the potential of QURE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
