Allbirds ditches sneaker business to pivot to AI compute, stock surges over 700%
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Allbirds is reportedly ending its sneaker business to focus on artificial intelligence, with some outlets indicating the company is changing its name to Smartbird. The company's stock has surged significantly, with reported increases ranging from 400% to over 700%. The sudden pivot from a shoe brand to an AI company has drawn attention, with some outlets questioning the implications for investors.
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