Business

Allbirds Makes Shocking Shift from Shoes to AI Business

BBC Business

Allbirds pivots to AI, rebrands as NewBird AI. Shares surge 580% amid significant market transformation. What does this mean for the company’s future?

Allbirds transitions from footwear to AI, rebranding as NewBird AI.

Shares soared 580% after $50M deal for AI infrastructure.

Experts call the move a 'liquidation,' questioning future value.

Footwear brand struggled with profits since its 2021 IPO.

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