- Allbirds, known for its sustainable footwear and apparel, has announced a significant pivot to become an “AI-native cloud solutions provider,” securing $50 million in financing. The company plans to rename itself NewBird AI.
- The move comes after Allbirds recently sold its brand and footwear assets to American Exchange Group, raising questions about the strategic direction of the company.
- Despite launching a new line of colorful shoes just weeks prior, it remains unclear how much long-term planning went into this new AI-related direction.
Originally published at arstechnica.com. Curated by AI Maestro.
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