1. Allbirds Abandons Wool Sneakers, Pivots to AI Servers as 'NewBird AI' After $50M Deal
Allbirds is executing a radical corporate pivot, abandoning its core identity as a sustainable footwear brand to become an AI infrastructure company. The firm is rebranding as 'NewBird AI' and shifting its focus from wool sneakers to AI servers, a move secured by a new $50 million convertible financing facility. This m...