Allbirds Pivots From Shoes to AI, Rebrands as NewBird AI

Footwear company Allbirds announced it is rebranding as NewBird AI and pivoting to become a GPU-as-a-service cloud computing provider. The move follows the sale of its shoe business for $39 million and securing $50 million in new financing, leading to a massive surge in its stock price.

Allbirds Pivots From Shoes to AI, Rebrands as NewBird AI

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2 days ago