Allbirds sells its shoes, renames itself Smartbird, and says it is now an AI infrastructure company
Allbirds, the sustainable footwear company that went public at a $4.1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI compute. Shares surged more than 50% on Wednesday morning before pulling back. The rebrand completes a transformation first announced in April, when the company […]<br /> This story continues at The Next Web [...]
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Shoe company pivots to AI compute in sign of a totally normal and healthy economy
The shoe company Allbirds, famous for its wool trainers, is pivoting to AI. You read that right. The San Francisco company has plans "to pivot its business to AI compute infrastructure, with a lo [...]
As enterprises confront AI agent sprawl, xpander wants them to own their own control and context layer
Enterprise AI has a new infrastructure problem: companies are accumulating agents faster than they are developing systems to govern them.Gartner estimates that the average global Fortune 500 company w [...]
Infrastructure and compute: Enterprises are buying AI compute for speed while flying blind on what it costs
Across 170 enterprises, AI infrastructure has moved decisively into production — two-thirds now run AI workloads live and three in 10 run them at scale — while the ability to account for what that [...]
Allbirds sold its shoe business for $39 million and is pivoting to AI cloud computing
In short: Allbirds is rebranding as NewBird AI and pivoting from sustainable footwear to GPU-as-a-service cloud computing after selling its shoe business to American Exchange Group for $39 million. Th [...]
Nimble claims its new, domain-specialized Web Search Agents cut token costs in half while boosting retrieval accuracy
Nimble, a New York City-based tech startup VentureBeat previously covered for its efforts to re-invent web search for enterprises by using multiple AI agents to improve accuracy and depth, is taking a [...]