Samsung Galaxy Watch Ultra and Galaxy Z Fold6 are displayed during a media preview at Samsung Galaxy Experience space, Tuesday, July 9, 2024, in New York. Samsung is dressing up its wearable devices in technology's latest fashion — artificial intelligence. SAN FRANCISCO — Samsung is dressing up its wearable devices in technology's latest fashion — artificial intelligence.
Tethering AI to people's essential devices has become an accelerating trend. The technology already has been implanted on smartphones made by Google and Apple that compete against Samsung and also on the latest personal computers powered by Microsoft's Windows software. Just as Apple plans to do with its AI services, Samsung's new wearable products will collect most sensitive information on the devices themselves. But some data will still be processed through remote computing centers with a “defense-grade, multi-layer security platform” that Samsung likens to a virtual Fort Knox, echoing Apple's pledge to corral any personal information that must be processed off a device in a digital fortress.
The health benefits associated with wearable technology have helped spur more people to buy smartwatches, with worldwide sales of the devices expected to approach about $29 billion this year, based on a forecast by the research firm Gartner Inc. That translates to roughly 164 million new smartwatches being worn on wrists this year, with Gartner predicting the annual sales volume sold will rise to 195 million in 2028.
The firm expects a small segment that includes smart rings to generate $2.4 billion in sales this year and eventually rise to about $4.6 billion in 2028.
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