#Allbirds

An anonymous reader quotes a report from Bloomberg, written by writer Austin Carr: Allbirds is pivoting to artificial intelligence. The San Francisco brand, whose wool running shoes were once the sneaker du jour among the tech crowd, announced last week…

Allbirds stock rocketed 600% after ditching shoes for AI compute, rebranding as NewBird AI with $50 million for GPUs. Echoes 2017's Long Island Iced Tea blockchain fiasco draw warnings of hype over substance in today's AI rush.

Allbirds was a brand that made wool shoes that were popular with Silicon Valley tech dudes. Emphasis on "was."

In short: Allbirds is rebranding as NewBird AI and pivoting from sustainable footwear to GPU-as-a-service cloud computing after selling its shoe business to American Exchange Group for $39 million.…

Allbirds announced that it's selling its core shoe and apparel business and will pivot to selling compute as a GPU-as-a-Service and AI cloud solutions provider at a $50 million infusion from an institutional investor.

Once a $4 billion apparel juggernaut, Allbirds will rebrand as NewBird AI, a “GPU-as-a-Service” company. Hey, if you can't beat ’em, join ’em.

Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.

The shoe company Allbirds, famous for its wool trainers, is pivoting to AI. You read that right. The San Francisco company has plans "to pivot its business to AI compute infrastructure, with a long-term vision to become a fully integrated GPU-as-a-Service…