1. Allbirds Abandons Shoes, Pivots to AI as 'NewBird AI' in $50M Reinvention
The once-celebrated footwear brand Allbirds is executing a radical corporate reinvention, abandoning its core business to become an artificial intelligence company. After selling its name and assets for $39 million and shuttering its remaining stores, the company's shell listing is being repurposed. CEO Joe Vernachio h...