Struggling shoemaker and apparel brand Albird pivots to AI data centers, stock jumps 580% in a single day — sells core business and leveraging $50 million in financing to become a GPU-as-a-Service and AI cloud solutions provider
Allbirds announced that it's selling its core shoe and apparel business and will pivot to selling compute as a GPU-as-a-Service and AI cloud solutions provider at a $50 million infusion from an institutional investor.
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