- Allbirds shares rockets as shoe brand pivots to AI City AM —
- These Allbirds AI jokes are as fire as the company's stock price Business Insider —
- How Allbirds’ pivot from shoes to AI sent its market value soaring CNN —
- Allbirds soars after sneaker firm rebrands as AI stock The Straits Times —
- Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind. Business Insider —
- 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 —
- Allbirds shares soar after pivot from footwear to AI BBC News —
- Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. The New York Times —
- ‘You Can’t Miss What Our Values Are’: Before Its Pivot to AI, Allbirds Sounded Very Different Gizmodo —
- Sneaker company Allbirds to become AI business CBS News —
Allbirds Pivots to AI
The move follows the sale of Allbirds' core shoe business for $39 million as the firm bets on the soaring demand for high-performance computing chips.
Wall Street has responded with a frenzy of trading, although some analysts have labeled the shift a 'desperate pivot' from a failing retail model.
Allbirds executives stated that the company's focus on environmental conservation would be dropped in favor of building data centers and AI hardware.
The transformation has become a viral sensation on social media, with many questioning if the shoe company's values can survive such a radical departure from its roots.