Nike Inc has unveiled its first power-lacing sneaker — it allows users to make the fit looser or snugger on the fly by pressing buttons on the side of the shoe.
The world’s largest sportswear brand, based in Beaverton, Oregon, unveiled the sneaker along with a host of other innovations on Wednesday at a media event in New York.
The innovations come as Nike is digging deeper into personalized products and services, while focusing on reaching a goal of posting US$50 billion in annual revenue by the end of its fiscal 2020 year. It reported US$30.6 billion in revenue for its latest fiscal year that ended in May last year.
PHOTO: AP
Other innovations Nike highlighted include “anti-clog traction,” which uses technology that prevents mud from sticking to the soles of soccer cleats.
Nike also unveiled a new Nike Plus app, an all-access pass for athletes. The app, available in June, connects to its suite of apps that include running and training aids and provides access to Nike experts.
“We’ve entered a new era of personalized performance,” company president and chief executive officer Mark Parker said. “Today, athletes want more than just a dashboard. They want a relationship.”
Nike said that the potential for shoes with adaptive lacing is huge, because it provides tailored-to-the-moment custom fit.
When users step into the shoe, their heel will hit a sensor. The athlete then can press two buttons on the side that adjust the grip. However, Nike said that in the future, it would not be manual. The sensor could sense when the user needs to have the shoe tighter or looser.
The self-lacing sneaker, which is called Nike HyperAdapt 1.0, is to be out starting the holiday season and would only be available for members of its loyalty Nike+ app. It would be available in three colors. The price was not revealed.
“The adaptive lacing system is an excellent first step towards truly adaptive personalized footwear,” said Matt Powell, sports industry analyst at NPD Group Inc, a market research firm.
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
CHIP HANG-UP: Surging memorychip prices would deal a blow to smartphone sales this year, potentially hindering one of MediaTek’s biggest sources of revenue MediaTek Inc (聯發科), the world’s biggest smartphone chip designer, yesterday said its new artificial intelligence (AI) chips used in data centers are to account for 20 percent of its total revenue next year, as cloud service providers race to deploy AI infrastructure to meet voracious demand. MediaTek is believed to be developing tensor processing units for Google, which are used in AI applications. While it did not confirm such reports, MediaTek said its new application-specific IC (ASIC) business would be a new growth engine for the company. It again hiked its forecast for the addressable ASIC market to US$70 billion by 2028, compared
Motorists ride past a mural along a street in Varanasi, India, yesterday.