Allbirds shifts focus from sneakers to AI systems and changes its name to NewBird AI.
Allbirds Shifts Focus from Sneakers to AI Infrastructure Allbirds announced on Wednesday a significant change in its business strategy, moving from making sneakers to focusing on computing infrastructure related to artificial intelligence (AI). The San Francisco-based company revealed it has secured a $50 million convertible loan from institutional investors to purchase graphics processing units (GPUs) […]