Industry
Allbirds Pivots to AI After $39M Shoe Sale
Allbirds, the shoe company once valued at $4 billion, sold its assets for $39 million and now plans to shift to artificial intelligence. An investor will provide $50 million to buy GPUs and rebrand the firm as NewBird AI. The stock jumped nearly 600 percent to $16.99 on the announcement day.
Apr 163 minNeura News