Allbirds plans to rebrand as NewBird AI and acquire GPUs to provide AI compute infrastructure after selling its footwear brand for $39 million to American Exchange Group.

Allbirds, the sustainable footwear brand, plans to drop its focus on environmental conservation in its transition to AI, according to an SEC filing.

San Francisco footwear company Allbirds is making a hard pivot from making sneakers to creating artificial intelligence cloud infrastructure, sending its stock price soaring by 400% in early trading.

By Shashwat Chauhan April 16 (Reuters) - A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 146% early on Thursday,

The Allbirds AI pivot is prime meme fodder — and social media did not disappoint.

Allbirds Inc.’s surprising pivot from wool sneakers to artificial intelligence infrastructure is looking more like a flash in the pan for the stock than a driver of long-term gains.

Allbirds’ head-spinning pivot to artificial intelligence is producing another head-spinning day for its stock. Shares of the one-time shoe company were down around 23% in morning trading, after th

Allbirds' plan won't be easy to pull off. It needs more money, expertise, and relationships with hyperscalers.