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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 [...]
The AI compute gap: Enterprises are buying infrastructure faster than they can measure what it costs
Across 107 enterprises, AI infrastructure spending is accelerating well ahead of the ability to see or steer its economics. Most organizations run their AI on a familiar base of hyperscalers and model [...]
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 [...]
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 c [...]
How the Silicon Valley sneaker that was once worth $4 billion ended up selling for $39M
The wool sneaker brand that briefly hit a $4 billion valuation in 2021 has agreed to sell all its assets and IP to American Exchange Group. The company is dissolving. Shares jumped 36% after-hours bec [...]
Anthropic says it hit a $30 billion revenue run rate after 'crazy' 80x growth
Dario Amodei is not the kind of CEO who talks loosely about numbers. The Anthropic co-founder and chief executive, a former VP of research at OpenAI with a PhD in computational neuroscience from Princ [...]