Once the shoe business is sold, Allbirds turns its attention to AI.
Allbirds is moving on to AI after selling its shoe brand and other assets for $39 million last month. Since the shoe brand "Allbirds" was sold, the company will also have a new name. The company stated on Wednesday through its investor relations website that NewBird AI is now live. It is a "fully integrated GPU-as-a-Service and AI-native cloud solutions provider."
The new name for the AI company came with news of a $50 million investment from an institutional investor that was not named. The investment came in the form of a flexible financing facility.
It's actually pretty funny that Allbirds is changing its focus to AI. This isn't because companies often change their direction, but because this change is so big. The company that made the shoes that tech people in Silicon
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