Shoe maker Allbirds plans to pivot entirely to AI infrastructure, rebranding as NewBird AI. The company will seek shareholder approval on May 18 to transform into a GPU-as-a-Service provider.
Allbirds, the San Francisco footwear company known for wool trainers, is abandoning its core business to enter AI compute infrastructure. If shareholders approve the pivot on May 18, the company will rebrand as NewBird AI and operate as a GPU-as-a-Service and AI-native cloud solutions provider.
The shift requires $50 million in funding from an undisclosed investor. The move represents a dramatic departure from Allbirds' 14-year history selling sustainable sneakers.
The pivot joins a growing list of legacy companies attempting to capitalize on AI infrastructure demand. Success is not guaranteed—the AI compute market faces increasing competition from established cloud providers like AWS, Google Cloud, and Microsoft Azure, as well as specialized startups.
Allbirds' shareholder vote will determine whether the transformation proceeds. The company did not disclose details on existing shoe business operations or employee implications.
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