Earlier this year, the tech world was met by Alphabet's (GOOGL) - Get Report Pixel smartphone lineup. The device, which boasts pretty impressive performance and internal components, also appears to be selling better than expected this fourth quarter.

Those results may have inspired the company to push forward with its new plans on a smartwatch. Actually, make that two smartwatches.

According to reports, it's expected that the company will launch the products in the first quarter of 2017. Apparently though, they will not be Google-branded or a part of the Pixel lineup. Instead, they are expected to be part of the Nexus brand, another name from the Google umbrella.

Projections from the IDC suggests smartwatch shipments could roughly double from 2016 levels to around 70 million units by the end of 2021. Despite these projections though, companies are under pressure to boost the functionality of the devices, while also keeping the prices somewhat on the lower end.

After initially being embraced by the early adopters, smartwatches have largely failed to latch onto the broader public.

Google likely hopes that by playing a larger role in the device's operation, that it will be more attractive to users and therefore drive sales higher.

Shares of Alphabet closed at $809.93 Tuesday, up 0.3%.

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Sticking with the wearables theme here for a minute, shares of Fitbit (FIT) - Get Report trended higher throughout Tuesday's trading session thanks to some data from the Apple (AAPL) - Get Report App Store.

According to the figures, the Fitbit app was the top download in the store, suggesting that a lot of people woke up this morning with a new device strapped to their wrist.

While this is seemingly great news for the company, there are some reasons for investors to take the data with a grain of salt. Fitbit was also a top gift in 2015, but that didn't stop the stock from struggling throughout 2016.

In fact, even with Tuesday's boost, the stock is still down more than 72% over the past 12 months. Talk about tracking painful data.

However, with the stock clearly trading at far more depressed levels and a valuation that has come down as well, investors are hoping that the stock will be able to piece together a nice 2017 after such a horrendous year in 2016.

Shares of Fitbit closed at $7.83 Tuesday, up 7.4%.

Revolutionizing a new technology that most people struggle to understand has to be a tough gig. But one thing to make the job easier is the collaboration with peers, other companies and industry-insiders helping to pave the way.

That is, unless you're Apple and working on artificial intelligence.

Until recently, the company had been pretty tight-lipped - as it is about most things - when it came to its findings surrounding artificial intelligence, machine learning and deep learning.

Other companies, like Facebook (FB) - Get Report , Google and Microsoft (MSFT) - Get Report have been more open about their research. Apple though, is apparently willing to come aboard the research train.

The company's machine learning group published their findings about recent studies surrounding the new technology. Specifically, it was on a model for simulated and unsupervised learning, according to TechCrunch.

From TC's John Mannes: "The technique presents a lot of potential, but it's risky because small imperfections in synthetic training material can have serious negative implications for a final product."

Will Apple help lead the way on this futuristic technology? While it's too early to tell, it's foolish to think the company's presence wouldn't have a positive impact on the budding industry's trajectory.

Shares of Apple closed at $117.26 Tuesday, up 0.6%.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.