Struggling footwear brand Allbirds pivots from selling shoes to AI, stock jumps over 700 per cent
Published on: April 16, 2026, 8:30 a.m. | Source: India Today
US sneaker maker Allbirds has announced that it is entering the world of AI compute infrastructure. As part of the pivot, the company is rebranding as NewBirds AI with $50 million in new funding. Following Allbirds’ announcement, its stock saw a rise of almost 600 per cent.
