Allbirds ditches sneakers for AI compute

Publicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.

Anthropic says it’ll use all the AI compute capacity from SpaceX’s ‘Colossus 1’ data facility in Memphis.

First GPU-powered AI mining servers now operational, bridging the gap between Bitcoin mining and artificial intelligence workloads

AL doesn’t usually cover marketing roles, but this one is definitely noteworthy. Harvey has hired Rachel Hepworth as Chief Marketing Officer (CMO). She was previously ...

John Ternus ascends the throne – but Cook will stay on to manage tech giant’s foreign policy as executive chair Hello, and welcome to TechScape. I’m your host, Blake Montgomery, US tech editor at the Guardian, writing to you after seeing The Jellicle Ball, a revival of Cats that I found fabulous and which the Guardian called “thrillingly new”. Shares in Allbirds surge after maker of wool sneakers announces pivot to AI Continue reading...

The UK government has created a Sovereign AI investment fund with up to £500 million (US$675 million) to spend on turning UK startups into national AI champions. Its support could involve investments of up to £20 million per startup, or provision of up to 1 million GPU-hours of AI compute, and fast-tracking of visas to bring skilled workers to the UK. The multi-million-pound budget sounds impressive, but it’s just 0.08% of OpenAI’s recent $852 billion valuation. That company just received fresh investment of $122 billion, dwarfing the UK’s sovereign fund. Closer to home, that £500 million would buy about 5% of French AI startup Mistral, which has achieved its success by offering a European alternative for businesses that do not want to use American or Chinese AI providers. The UK government does not have a great record when it comes to investing in national IT champions. In the 1960s and 1970s, the government ran the National Enterprise Board which provided funding to new technology co

Allbirds is pivoting into artificial intelligence after selling its brand and assets for $39 million, rebranding as NewBird AI. The company announced a $50 million convertible financing facility from an undisclosed institutional investor to support its transition into a GPU-as-a-service and AI-native cloud provider. The move follows the divestment of its footwear business to American […]

In the latest sign of AI silly season, Allbirds, the shoe company, told the world it was now an AI company and briefly managed to septuple its stock price. The Newbird AI story is really just one of a bunch of things this week that made us wonder: have we reached the peak of AI, or at least a peak of AI? Verge subscribers, don't forget you get exclusive access to ad-free Vergecast wherever you get your podcasts. Head here. Not a subscriber? You can sign up here. On this episode of The Vergecast, we look at both the data and the vibes. David and Nilay explore a new study from Stanford that says AI is getting better at lots of things, a … Read the full story at The Verge.