The Guardian Australia – Business
·business
·2 hours ago
Allbirds rebrands as NewBird AI, shares surge 582% after pivot
Allbirds announced a pivot to artificial intelligence on Wednesday, rebranding as NewBird AI. The move sent shares soaring 582%, marking a dramatic turnaround for a company that had lost 99% of its value since 2021. Allbirds aims to leverage $50 million in funding to support its new focus on AI compute infrastructure.
Summary by Glance · The Guardian Australia – Business
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