Tag

Newbird Ai

All articles tagged with #newbird ai

business17 minutes ago•2 min saved

Allbirds pivots to AI, rebrands as NewBird AI, sparking rally in shares

Allbirds announced a pivot from footwear to artificial intelligence, rebranding as NewBird AI and pursuing GPU-based AI compute infrastructure; the plan has sent its stock higher (intraday around 582%) while the company secures $50 million in funding and moves toward a sale to American Exchange Company, exiting its public-benefit status to become a conventional corporation and aiming to offer GPU-as-a-Service and AI-native cloud solutions—though the long-term viability of the strategy remains uncertain and the rally could be meme-driven.

via The Guardian|

#ai #allbirds #business

business1 hour ago•2 min saved

Allbirds pivots from shoes to AI with NewBird AI and asset sale

Allbirds says it will shed its shoe business to become an AI-focused company named NewBird AI, selling its footwear assets for about $50 million and aiming to offer AI compute infrastructure, a move that sent its stock skyrocketing.

via CBS News|

#ai #allbirds #business

technology3 hours ago•2 min saved

Allbirds trades sneakers for silicon, rebrands as NewBird AI

Allbirds pivots from footwear to AI compute infrastructure, renaming to NewBird AI with a $50 million funding commitment to build GPU-based compute and cloud services, as it exits the footwear business and sells its assets; stock jumped more than 300% on the announcement.

via NBC News|

#ai #allbirds #gpu-as-a-service

technology8 hours ago•3 min saved

Allbirds pivots to AI infrastructure, eyes NewBird AI branding

Allbirds, once valued above $4B and recently sold for $39M, is pivoting from footwear to AI compute infrastructure, aiming to become a GPU-as-a-Service and AI-native cloud provider and possibly rename to NewBird AI. It plans to raise $50M via convertible notes and seek a charter amendment to drop its environmental-conservation mandate, with a shareholder vote on May 18; premarket trading has shown volatile, speculative moves.

via Financial Times|

#ai #ai-infrastructure #allbirds

business9 hours ago•1 min saved

Allbirds pivots to AI compute with NewBird AI, fueling a huge stock rally

Allbirds says it is exiting footwear to become an AI compute company via a new entity named NewBird AI, after selling its IP/assets to American Exchange Group for $39 million two weeks earlier. NewBird AI plans to raise up to $50 million to acquire high-performance, low-latency AI hardware under long‑term leases, with a funding close expected in Q2 2026. American Exchange Group will continue to sell products under the Allbirds brand. Investors cheered the news, sending Allbirds’ shares up more than 300% in early trading and valuing the company around $20 million.

via CNBC|

#ai-compute #allbirds #american-exchange-group