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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 [...]
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 [...]
A designer in Singapore created a functional SNES inside a wearable Nike sneaker
Have you ever been roaming around collecting bananas in Donkey Kong Country on the SNES and thought to yourself, "gee, I wish I could play this game on my shoe." Well designer Gustavo Bonzan [...]
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 [...]
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 [...]
