-
Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence. The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday’s close — by 582%. The shares, which were under $3 a day ago, jumped to about $17. The company announced that it’s pivoting its business to AI compute infrastructure in a release posted to its investor relations page. The company, which according to the release will be called NewBird AI, announced a deal to raise up to $50 million in funding, expected to close in the second quarter of 2026. ... (full story)
- Comments / Top
- Subscribe
TheCableman
Apr 16, 2026 5:32pm
Permalink
FlyingTurtle
Apr 15, 2026 7:44pm
Permalink
Trader#8012
Apr 15, 2026 7:41pm
Permalink
-
Related Stories
U.S. derivatives regulators are examining a handful of unusual oil futures trades that took place minutes before a surprise announcement by President Donald Trump signaling a pause in attacks on Iran, according to Bloomberg News. The investigation is being spearheaded by the Commodity Futures Trading Commission, which is scrutinizing activity on trading ...
From decrypt.co | Apr 16, 2026
An upcoming full-feature movie produced with artificial intelligence will star crypto and its leading asset, Bitcoin, according to a report from The Wrap. “Bitcoin: Killing Satoshi,” directed by “Bourne Identity” director Doug Liman, will feature a star-studded cast including Gal Gadot, Casey Affleck, Isla Fisher, and Pete Davidson, with a $70 million ...
The crypto boss fiancé of a lifestyle influencer found dead in Zanzibar just days after they got engaged is being held for questioning. Ashlee Jenae – real name Ashly Robinson – was found unconscious in her villa at the Zuri Zanzibar resort on April 9 and was rushed to a nearby hospital where she was confirmed dead hours later. Authorities have said it ...
