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Allbirds pivots to AI, rebrands as NewBird AI, sparking a stock surge

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Source: BBC
Allbirds pivots to AI, rebrands as NewBird AI, sparking a stock surge
Photo: BBC
TL;DR

Allbirds plans a dramatic pivot from footwear to AI compute infrastructure, renaming itself NewBird AI after a $50 million deal to acquire GPUs and offer on-demand AI cloud services; the brand will be owned by American Exchange Group, and shares jumped about 580% on the news, though the company remains more than 90% off its 2021 listing value.

Topics:top-newsbusiness#ai#allbirds#business#cloud-computing#gpus#stocks
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  1. Allbirds shares soar after pivot from footwear to AI  BBC
  2. Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value  CNBC
  3. Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind.  Business Insider
  4. Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.  The New York Times
  5. Allbirds shares soar on a very 2026 pivot to AI  CNN

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