After sale of its shoe business, Allbirds pivots to AI
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
- Sneaker company Allbirds to become AI business CBS News —
- Shares in Allbirds surge after maker of wool sneakers announces pivot to AI The Guardian —
- From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained Fortune —
- Allbirds ditches sneaker business to pivot to AI compute, stock surges over 700% Fortune —
- Shoe company pivots to AI compute in sign of a totally normal and healthy economy Engadget —