Peloton unveiled new Tread and Bike models on Wednesday. Gabby Jones/Bloomberg/Getty Images New York —

Peloton is unveiling a sweeping revamp of its portfolio with a focus on artificial intelligence as the once-hot fitness company looks to kickstart growth.

On Wednesday, the company is releasing five products, including a cheaper base model and more expensive “plus” versions of its bike and treadmill as well as a new rowing machine — all of which have a new swiveling screen so users can take strength, yoga and other classes. The equipment also has upgraded speakers and improved Wi-Fi connectivity, while the bike has an improved seat in response to consumers’ complaints.

The “plus” versions of its bike, treadmill and rowing machine have a new feature called Peloton IQ, an AI-assis

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