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Allbirds abandons clothes, pivots to "AI compute infrastructure"
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Allbirds abandons clothes, pivots to "AI compute infrastructure"

Ars Technica - All content·Kyle Orland·about 2 months ago
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If you know the name Allbirds, it's probably for the company's longstanding stated commitment to "sustainable shoes and apparel." Going forward, though, the corporate entity wants to be known for its "long-term vision to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider." In a news release Wednesday morning , Allbirds announced that it has secured a $50 million convertible finance facility to help power this unexpected "pivot ... to AI compute infrastructure." If all goes to plan, the company will soon be known as NewBird AI, by which point it will presumably change the image of a spandex-clad hiker that still sits atop its News Release page . Just weeks ago, Allbirds announced the $39 million sale of the "Allbirds brand and footwear assets" to American Exchange Group, owner of Aerosoles, Ecko Unlimited, and other fashion brands . Today's AI pivot announcement certainly casts that sale in a new light.…

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