US EditionThe Weekly Closeout: Allbirds’ ‘AI-Washing’ and Nike’s Ongoing Exec Turnover
The company said the shift to GPU-as-a-Service could rename it NewBird AI, and investors sent the stock up nearly 600% after the announcement.
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8 Articles
2 Things to Know About the Allbirds Pivot Into AI
Key PointsAllbirds stock initially rose 500% on news of its pivot into AI.The company's stock has lost nearly 98% of its value since its IPO in late 2021.10 stocks we like better than Allbirds › It'll be one of the most bizarre headlines you'll read in 2026. Allbirds (NASDAQ: BIRD), the eco-friendly sneaker brand once valued at more than $4 billion, announced it is leaving the shoe business entirely and making a full pivot into artificial intell…
Shoe Brand Allbirds Announces Pivot to AI; Stock Rises Almost 600 Percent
Allbirds, following the sale of its assets and shoe brand, announced on April 15 that it is pivoting to artificial intelligence (AI) and will receive $50 million in a convertible financing facility. Allbirds will change its name to “NewBird AI.” “The rise of AI development and adoption has created unprecedented structural demand for specialized, high-performance compute that the market is struggling to meet. … Enterprises, AI developers, and res…
The Californian shoe manufacturer Allbirds had gone nowhere on the Stock Exchange for the past five years. Its trick to go back to its peaks before the pandemic? Chewing the cordage for the infrastructure of AI. This surprise gesture has increased its stock market value by 780% in 24 hours, and gives new impetus to questions about the phenomenon of stock exchange (the same stock), whose value is propelled almost exclusively by a fashion effect.
When a struggling shoe manufacturer renames itself an 'AI company' and promptly increases sevenfold, you know that stock market mania has displaced reason. Fortunately, in the shifting sands of Brabant, we find a down-to-earth foundation for the AI revolution.
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