- Allbirds, previously known for sustainable footwear and apparel, has pivoted to become an AI-native cloud solutions provider with a $50 million financing facility. The company plans to rebrand as NewBird AI.
- The sudden shift from fashion to AI infrastructure is unexpected given recent news of selling its footwear assets.
- While the move towards AI services could open new revenue streams, it remains unclear how much strategic planning went into this direction after recently announcing a new line of shoes just weeks ago.
Originally published at arstechnica.com. Curated by AI Maestro.
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