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600% Allbirds Stock Surge Raises Doubts About AI Strategy
Allbirds’ stock surged 600% after an AI pivot, but analysts warn the struggling retailer lacks the expertise and scale to compete in the cloud‑infrastructure market.
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forbes.com
Allbirds Now Says It’s An AI Company
The former shoemaker said it would pivot and rebrand itself “NewBird AI.”
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cnbc.com
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 300%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
