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After sale of its shoe business, Allbirds pivots to AI

Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.

After selling its shoe brand and assets last month for $39 million, Allbirds is pivoting to AI. Of course, the company is also changing its name, since the footwear brand “Allbirds” was part of the sale. Introducing: NewBird AI, a “fully integrated G… [1827 chars]

Source: TechCrunch | Published: 2026-04-15T14:24:31Z

Credit: TechCrunch

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