After rebooting the Pebble smartwatch brand, founder Eric Migicovsky is expanding his company’s device lineup with a new smart wearable: an AI-powered smart ring known as Index 01. Named for the finger where the ring is meant to be worn, the new $75 ring is not meant to be a competitor to always-on, always-listening AI devices, like the AI pendant Friend, but instead offers a way to record quick notes and reminders with a press of a button on the ring’s side.

AI only comes into play via the open source, speech-to-text, and AI models that run locally on your smartphone through the Pebble mobile app. That is, if the ring’s button is not being pressed, it’s not recording. (And this is a press-and-hold gesture, too, which means you can’t start the ring’s recording and then let go to surreptitiously record a conversation.) READ MORE