Once regarded as Silicon Valley’s favourite shoe brand, Allbirds now says it’s an AI company and Wall Street can’t stop smiling as stock jumps 876% in one day
Allbirds—the San Francisco startup that once put merino wool sneakers on the feet of half of Silicon Valley workers who cared about earth—is no longer a shoe company. On Wednesday, it announced a full pivot to AI compute infrastructure, a plan to rebrand as NewBird AI, and a $50 million deal to start buying GPUs….