Allbirds shares skyrocket over 600% as flailing shoe company pivots to AI
NY Post
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The San Francisco-based company said that it would execute a $50 million convertible financing agreement with an institutional investor and plans to use the proceeds to acquire graphics processing units.
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 —