Once a $4 billion apparel juggernaut, Allbirds will rebrand as NewBird AI, a “GP
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turned a profit, and sales dropped nearly 50 percent between
Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar reut.rs/4owVHvY
<!-- SC_OFF --><div class="md"><p>A sign of potential froth in the equity markets?</p> <p>- Shares of Allbirds surged more than five-fold on Wednesday after the footwear maker
  submitted by   <a href="https://www.reddit.com/user/wiredmagazine"> /u/wiredmagazine </a> <br /> <span><a
Desperate stock-boosting move recalls 2017's "Long Island Blockchain" frenzy.
Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
<!-- SC_OFF --><div class="md"><p>Why in the good lords name <a href="https://deadstack.net/cluster/allbirds-pivots-from-shoes-to-ai-infrastructure">this is a thing</a>, I have no
NewsHive monitors these sources continuously. All signal titles above link to the original reporting.
Intelligence by NewsHive. Need help navigating what this means for your business? Contact GeekyBee →