Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future - AP News

Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future  AP News

Allbirds shares jump over 400% on plans to pivot to AI from sneakers - Reuters

Allbirds shares jump over 400% on plans to pivot to AI from sneakers  Reuters

Allbirds shares soar after pivot from footwear to AI

The company is selling off its shoe brand as it plans to shift to providing technology infrastructure.

For Its Next Act, Allbirds Makes an Unlikely Pivot From Shoes to AI - WSJ

For Its Next Act, Allbirds Makes an Unlikely Pivot From Shoes to AI  WSJ

Shares in Allbirds surge after maker of wool sneakers announces pivot to AI

Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard times Allbirds, the maker of minimalist wool sneakers beloved by Silicon Valley, announced on Wednesday that it is leaving shoes behind and pivoting to artificial intelligence. The new focus and rebrand as “NewBird AI” sent the company’s stock up 582% as of mid-day during a flurry of trading. The surging stock price and new direction is a bizarre, rapid turnaround for a company that had ...

By Nick Robins-Early in New York

Allbirds shares soar 600% as it pivots from footwear to AI - CNN

Allbirds shares soar 600% as it pivots from footwear to AI  CNN

Allbirds announces stunning pivot from shoes to AI, stock explodes more than 200%

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

Allbirds’ AI pivot sends its stock soaring 300%. We’ve seen this film before.

It’s not unprecedented for struggling companies to latch onto the hot trend of the moment. Remember the blockchain hype cycle?

By Britney Nguyen

Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind.

Allbirds started as a sustainable footwear brand. Now it's pivoting to AI and plans to shift its focus away from the environment. Bloomberg/Getty Images Allbirds is pivoting from sustainable footwear to AI compute infrastructure. The company plans to be less focused on environmental conservation, according to an SEC filing. Allbirds' stock price surged 582% after the company announced it was transitioning to AI. Allbirds isn't only pivoting to AI — it's pivoting away from its core environme...

Shoe brand Allbirds announces hard pivot from footwear into AI

Allbirds soars after sneaker firm rebrands as AI stock - The Straits Times

Allbirds soars after sneaker firm rebrands as AI stock  The Straits Times

Allbirds shares jump over 400% on plans to pivot to AI from sneakers

Dot-com vibes? Allbirds rallies more than 300% after pivoting from trendy shoes to AI compute

Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%

Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360% Just when you thought you’d seen the last of the AI pivot idiocy… Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News. The plan? Rebrand as “NewBird AI,” raise $50 million, and rei...

By Tyler Durden