ai-compute-infrastructure
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Allbirds announces pivot from shoes to AI, stock explodes 175%
news
2 min read
Allbirds is pivoting from shoe production to artificial intelligence compute infrastructure. Following the announcement, the company's stock price surged over 700%, rising from under $3 to over $17.
Allbirds, Inc. Announces Expansion into AI Compute Infrastructure
news
6 min read
Allbirds, Inc. has executed a $50 million convertible financing facility agreement. The company is also expanding into AI compute infrastructure following its agreement to sell its brand and footwear assets to American Exchange Group.