- Allbirds, previously known for sustainable shoes and apparel, is pivoting to become an AI services company. The company has secured a $50 million financing facility to support this transition, renaming itself NewBird AI.
- The move comes at a time when Allbirds sold its footwear assets to American Exchange Group, suggesting that the sale might have influenced this strategic shift.
- Despite announcing a new line of colorful Canvas Cruiser shoes just weeks ago, it remains unclear how much long-term planning went into this AI-related direction, leaving room for speculation about the company’s future goals and vision in the tech industry.
Originally published at arstechnica.com. Curated by AI Maestro.
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