Allbirds Pivots Entire Business to AI Compute – Launches “NewBird AI” with $50M Financing
Footwear company Allbirds has executed a dramatic pivot, securing $50M in convertible financing to rebrand as “NewBird AI” and transform its operations into a GPU rental and AI compute infrastructure business. The surprise move sent shares soaring over 600% as investors bet on the surging demand for AI training capacity amid ongoing chip shortages.
