So apparently Google is getting into the wearable market with a clip on camera for $249. The latest AI will be behind the lens. Details can be found below, $GPRO is off 4% on the news:
Google debuted a product that basically no one saw coming at its big hardware event today: A camera called Clips. It’s not your typical camera, however – it’s designed essentially for passive use, as a way to help capture moments that you’d miss with a dedicated camera or your smartphone.
Clips grabs “motion photos,” the new picture format that Google created that includes some brief movement around the frame, like a Live Photo from Apple. It doesn’t grab audio, but it does have smart recognition features on board. It also doesn’t use any kind of network connection, so it’s not broadcasting the stuff it captures anywhere. You can connect to your phone to check what you’ve got. READ MORE
Let’s see if Google’s live event is enough to move the needle here. The stock is consolidating at highs, watch for a breakout: