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ALLBIRDS PIVOTS TO AI AFTER $39M SALE

Allbirds, the shoe company that sold for $39M last week following a collapse from its $4B+ 2021 valuation, announced plans to pivot into AI compute services. The stock surged 350% on the news.

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Shoe company Allbirds, which sold last week for $39M after its valuation fell from $4B+ in 2021, says it aims to become an AI compute provider; BIRD jumps 350%+ (Bryce Elder/Financial Times)

Bryce Elder / Financial Times: Shoe company Allbirds, which sold last week for $39M after its valuation fell from $4B+ i…

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