Allbirds Rebrands as NewBird AI, Secures $50M to Enter GPU Cloud Market

The Guardian AIallbirds apple techscape guardian

Diplomatic duties for Tim Cook after stepping down as Apple CEO

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...

Apr 21, 12:02 PM

The Verge AIallbirds newbird ai vergecast

The ‘AI is inevitable’ trap

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.

Apr 17, 1:24 PM

The New York Times AIallbirds trump stock market

Trump’s Scattershot Week, and a Stock Market Record

Plus, forget sneakers — Allbirds is going A.I.

Apr 16, 9:58 AM

The Rundown AIallbirds sneakers ai compute notion

Allbirds ditches sneakers for AI compute

PLUS: Audit your business with Notion's built-in Claude agents

Apr 16, 9:00 AM

The New York Times AIallbirds newbird ai computer chips

Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.

After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.

Apr 16, 12:31 AM

The Guardian AIallbirds newbird ai wool sneakers silicon valley

Shares in Allbirds surge after maker of wool sneakers announces pivot to AI

Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard times Allbirds, the maker of minimalist wool sneakers beloved by Silicon Valley, announced on Wednesday that it is leaving shoes behind and pivoting to artificial intelligence. The new focus and rebrand as “NewBird AI” sent the company’s stock up 582% as of mid-day during a flurry of trading. The surging stock price and new direction is a bizarre, rapid turnaround for a company that had fallen into disrepair in recent years. Once valued at $4bn, Allbirds’ shares had lost 99% of their worth since 2021 and earlier this month the company announced plans for a $39m sale to brand management firm American Exchange Company. Continue reading...

Apr 15, 9:00 PM

AI Businessallbirds ai infrastructure convertible financing full rebranding

Once Trendy Shoe Company Allbirds Pivots to AI Infrastructure

The company is using a $50 million convertible financing facility agreement to undertake a full rebranding.

Apr 15, 6:10 PM

The Verge AIipo allbirds newbird ai financial times

Allbirds announced a switch from shoes to AI and its stock jumped 600 percent

Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turned a profit, and sales dropped nearly 50 percent between 2022 and 2025. The company recently announced it would sell off its name and assets for $39 million after closing the remaining stores. That shell listing, however, still has some use as the Financial Times points out, and now CEO Joe Vernachio has announced a plan to raise $50 million from an unnamed investor, which will turn NewBird AI into "a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider." NewBird AI expects to use initial capit … Read the full story at The Verge.

Apr 15, 4:13 PM