Allbirds ditches sneaker business to pivot to AI compute, stock surges over 700%
Fortune
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What looked like a humiliation now looks more like a setup for a wild AI pivot.
Meet NewBird AI.
Allbirds Pivots to AI Infrastructure
- 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 —
- Shares in Allbirds surge after maker of wool sneakers announces pivot to AI The Guardian —
- Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future ABC News —
- Sneaker company Allbirds to become AI business CBS News —
- Allbirds soars after sneaker firm rebrands as AI stock The Straits Times —