{"id":5963,"date":"2026-04-15T18:00:12","date_gmt":"2026-04-15T18:00:12","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/5963\/"},"modified":"2026-04-15T18:00:12","modified_gmt":"2026-04-15T18:00:12","slug":"allbirds-announces-hard-pivot-from-shoes-to-ai-stock-price-soars","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/5963\/","title":{"rendered":"Allbirds announces hard pivot from shoes to AI; stock price soars"},"content":{"rendered":"

\"play\"<\/p>\n

Inspired by family and future: Fei-Fei Li on using AI for good<\/p>\n

Stanford computer scientist Fei-Fei Li, part of USA TODAY’s Women of the Year, explains why principles should come before profit for AI.<\/p>\n

Allbirds, the shoe brand that closed brick-and-mortars<\/a> earlier this year, is making a hard pivot into artificial intelligence<\/a>, surging its stock price.<\/p>\n

On Wednesday, April 15, Allbirds, Inc. announced<\/a> it is leaving shoes behind for “AI compute infrastructure.” The company anticipates a name change to NewBird AI.<\/p>\n

The announcement comes after Allbirds agreed to sell<\/a> its brand and footwear assets to American Exchange Group<\/a>, which owns brands like Born Concept, Ed Hardy, Mudd and NatureWell, in March. The brand shared in January that it was closing all of its full-price stores in the U.S.<\/a> by the end of February, dedicating its efforts to online sales.<\/p>\n

Tech: Replacing entry-level work with AI may come with ‘a toll to pay’<\/a><\/p>\n

Allbirds stock skyrockets after announcement<\/p>\n

Following the April 15 announcement, Allbirds’ stock skyrocketed, with a more than 600% increase. Per the Nasdaq Composite, on Tuesday, April 14, Allbirds’ stock was available for less than $3 a share, peaking at nearly $22 a share at 12:30 a.m. ET.<\/p>\n

How does Allbirds plan to pivot from shoes to AI?<\/p>\n

To make the switch, Allbirds received a $50 million convertible financing facility, a type of loan that allows lenders to convert debt into equity later.<\/p>\n

Initially, NewBird AI will use funding from the loan to acquire “high-performance GPU assets, which will be deployed to serve customers requiring dedicated access to AI compute capacity,” a news release states. Essentially, NewBird AI will help provide more structure for artificial intelligence usage.<\/p>\n

Over time, the company hopes to grow a neocloud platform<\/a>, a type of computing software specialized in high-performance AI, as outlined by technology company Cisco.<\/p>\n

The change from shoes to AI is subject to stockholder approval, which will be discussed during a meeting in mid-May, the Allbirds news release states.<\/p>\n

Will Allbirds continue to sell shoes?<\/p>\n

Allbirds’ announcement states that the $50 million loan “will enable the company to pivot its business to AI compute infrastructure.” USA TODAY reached out to Allbirds for more information about the future of its shoe brand.<\/p>\n

Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at\u00a0gcross@usatoday.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Inspired by family and future: Fei-Fei Li on using AI for good Stanford computer scientist Fei-Fei Li, part…\n","protected":false},"author":2,"featured_media":5964,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,601,25,4924,532,1152,1024,5178,5176,206,599,598,624,286,910,921,608,4115,5177,772,66,607,627,777,1017,5179,592,134,163,5175,600],"class_list":{"0":"post-5963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-artificial","10":"tag-artificial-intelligence","11":"tag-bonds","12":"tag-company","13":"tag-company-news","14":"tag-financial","15":"tag-financial-markets-news","16":"tag-footwear","17":"tag-intelligence","18":"tag-learning","19":"tag-machine","20":"tag-machine-learning-u0026-artificial-intelligence","21":"tag-markets","22":"tag-modular","23":"tag-modular-story","24":"tag-negative","25":"tag-network","26":"tag-network-trending","27":"tag-neutral","28":"tag-news","29":"tag-overall","30":"tag-overall-negative","31":"tag-overall-neutral","32":"tag-stocks","33":"tag-stocks-u0026-bonds","34":"tag-story","35":"tag-technology","36":"tag-technology-news","37":"tag-trending","38":"tag-u0026"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/5963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=5963"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/5963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/5964"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=5963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=5963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=5963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}