After sale of its shoe business, Allbirds pivots to AI
Allbirds sold its shoe business and rebranded as NewBird AI after securing $50M convertible financing, pivoting from retail to AI services.
Excerpt
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
Read at source: https://techcrunch.com/2026/04/15/after-sale-of-its-shoe-business-allbirds-pivots-to-ai/