From shoes to AI: Why Allbirds is pivoting and changing its business

Footwear brand Allirds wants a buzzy shoe startup is turning to artificial intelligence. Yesterday, the company announced a $50 million deal that will focus on AI infrastructure under its new name, New Bird AI. The company plans to buy and rent out computing power for tech companies.This big shift comes after Allirds closed all of its retail stores earlier this year and sold its branding and footwear assets to American Exchange Group. The brand had been steadily dropping in the stock market since last summe ...