tech
April 15, 2026
Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
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TL;DR
- Allbirds, after failing to achieve profitability and selling its assets for $39 million, is rebranding as NewBird AI.
- NewBird AI aims to raise $50 million to become a GPU-as-a-Service and AI-native cloud solutions provider.
- The move comes amid unprecedented demand for AI compute and a shortage of high-performance GPUs and data center capacity.
- Experts criticize the pivot, suggesting it's a way to leverage the company's public listing rather than utilizing existing capabilities.
- Following the announcement, Allbirds' stock (BIRD) saw a significant surge of over 700 percent.
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