Allbirds soars after sneaker firm rebrands as AI stock
Allbirds, the once-buzzy maker of wool sneakers, announced a new business plan just days before it planned to close down for good: AI computing infrastructure.
Ed Ludlow explains the move.
(Source: Bloomberg)
Allbirds pivots to AI infrastructure
- Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind. Business Insider —
- Allbirds soars after sneaker firm rebrands as AI stock The Straits Times —
- Allbirds shares soar after pivot from footwear to AI BBC News —
- Once regarded as Silicon Valley's favourite shoe brand, Allbirds now says it's an AI company and Wall Street can't stop smiling as stock jumps 876% in one day Times Of India —
- Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. The New York Times —