Allbirds Stock Pumps Again as Sneaker Firm Completes AI Pivot, Rebranding to Smartbird

Decrypt Editorial

(04:21 PM UTC)

1 min read

In brief

Allbirds, the footwear company, has sold its shoe business and rebranded as Smartbird, an AI infrastructure provider.
Nadia Carlsten, a veteran of AI compute infrastructure, has been named president and CEO.
The company boosted its convertible financing facility to $100 million to fund its AI pivot.

Allbirds, the sneaker company once known for its wool runners and sustainability-driven…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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