Now A Shoe Company Is Buying Up GPUs And Pivoting To AI

Allbirds, the struggling footwear company that has seen its stock price slide by about 50% over the past year, announced a dramatic shift in its business today centered around AI and GPUs. The company's share value jumped by more than 100% after Allbirds made the announcement today.As part of the plan, Allbirds has sold its Allbirds brand and footwear assets to American Exchange Group, while the previous iteration of Allbirds--going forward to be known as NewBird AI--will "pivot its business to...