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On April 7, Allbirds celebrated its latest collection and a partnership with Pantone.
One week later, on April 15, the brand announced it would pivot to AI compute infrastructure in an attempt to revitalize its business.
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Key Takeaways
- The “canvas cruiser” collection and a partnership with Pantone were celebrated by Allbirds earlier this month. Now, the company is pivoting towards AI compute infrastructure, which could help close the gap in enterprise-scale AI computing resources.
- Allbirds sold its intellectual property to American Exchange Group for $39 million in March 2022, ending a period of financial losses and hype-driven growth.
- The move by Allbirds highlights the growing need for compute resources in enterprises and research organizations. This could be why AI companies like Boom Supersonic are selling their Superpower gas turbines to others.
- Most bitcoin mining companies have already started using GPUs from Nvidia, indicating a trend towards integrating AI with cloud solutions.
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Note: AllBirds’ new name is NewBird AI.
Originally published at Unknown. Curated by AI Maestro.
