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Allbirds Pivots to AI After Selling Shoe Business
Primul articol: 15 apr. 2026, 17:24
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Ultima actualizare: 15 apr. 2026, 18:26
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Allbirds, the shoe company known for its sustainable footwear, is pivoting to artificial intelligence after selling its shoe business. The sale, which reportedly brought in $39 million last month, marks a significant shift for the Silicon Valley-based company. The company will now operate under the name NewBird AI.Articole despre acest subiect
After sale of its shoe business, Allbirds pivots to AI
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
Citeste pe TechCrunch →Allbirds shares surge over 430% as footwear firm trades shoes for AI business
In a radical strategic overhaul, Allbirds is divesting its footwear business while securing $50 million (€42.4 million) in new financing to acquire GPUs and rebrand as NewBird AI.
Citeste pe Euronews →
Foto: Ars Technica
Allbirds abandons clothes, pivots to "AI compute infrastructure"
Desperate stock-boosting move recalls 2017's "Long Island Blockchain" frenzy.
Citeste pe Ars Technica →