- Allbirds, known for its sustainable footwear and apparel, has pivoted to become a company focused on AI compute infrastructure. This move comes as the company prepares to change its name to NewBird AI.
- The announcement was made alongside securing a $50 million convertible finance facility, highlighting Allbirds’ shift towards becoming an AI-native cloud solutions provider.
- Despite recent moves like selling off its footwear assets and launching a new line of shoes, the AI pivot suggests a significant change in strategy, potentially driven by strategic considerations or market opportunities within the AI industry.
Originally published at arstechnica.com. Curated by AI Maestro.
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