- Allbirds, previously known for sustainable footwear and apparel, is pivoting its business to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider. The company has secured $50 million in financing to support this transition.
- The move comes just weeks after the company announced the sale of its footwear assets to American Exchange Group, suggesting that Allbirds may be looking for a new strategic direction or perhaps exploring a different path with its AI pivot.
- While Allbirds has recently launched a new line of colorful Canvas Cruiser shoes, it’s unclear how much long-term planning went into this dramatic shift towards AI and cloud services. The company is now positioning itself under the name NewBird AI.
Originally published at arstechnica.com. Curated by AI Maestro.
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