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Allbirds announced a switch from shoes to AI. #Vergecast
The Verge· 2026-04-17 21:10
The silliest thing that has happened in the tech industry in a minute and I'm very excited about it was that Alberts, which most people would know as a shoe company this week decided that no, they are not a shoe company. They are an AI company. And guess what, Neili.It worked. >> Their stock briefly went up uh I think it was over 700% at one point. It has settled back down a bit, but it's still way up even over where it was a few days ago.Yeah, they are selling off the name Allirds and their assets which ar ...
Allbirds soars after sneaker firm rebrands as AI stock
Bloomberg Television· 2026-04-15 20:18
Allirds was basically dead. You know, the wool shoe company that was valued at about $4 billion was basically shutting down. Then they pulled the most 2026 move ever.They said, "We're not a shoe company. We're now an AI company." They're rebranding to New Bird AI and raising $50 million to build AI infrastructure. The plan is to rent out GPU capacity, you know, the chips that power AI in what's known as GPU as a service. Think neoclouds like Corewave or Lambda that rent out the compute capacity to either tr ...