Allbirds abandons clothes, pivots to “AI compute infrastructure”
If you know the name Allbirds, it’s probably for the company’s longstanding stated commitment to “sustainable shoes and apparel.” Going forward, though, the corporate entity wants to be known for its “long-term vision to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider.” In a news release Wednesday morning, Allbirds announced that it has secured a $50 million convertible finance facility to help power this unexpected “pivot … to AI compute infrastructure.” If all goes to […]