Allbirds says it’s ditching footwear and pivoting to become an AI company. Its stock just jumped 600%.
Allbirds is trading in sneakers for servers, selling its footwear brand as it races to reinvent itself as an AI company in a move that sent its stock soaring 600%. The eco-friendly shoe company announced Wednesday that it is transitioning into an AI business, which it plans to name “NewBird AI.” Allbirds said it will … Read more