▶Multiple sources agree that the footwear company Allbirds has pivoted its business model to focus on AI compute infrastructure.Apr 2026
▶There is a consensus that the company has rebranded, changing its name to New Bird AI as part of its strategic shift.Apr 2026
▶Numerous claims confirm that the company's stock price experienced a significant and immediate surge following the announcement of its pivot to AI.Apr–May 2026
▶Sources consistently report that the new business model involves acquiring GPUs and providing AI compute services, funded by approximately $50 million in new financing or purchases.Apr 2026
▶The exact magnitude of the stock's increase is a point of significant variance, with different sources citing gains of 300%, 373%, 450%, approximately 500%, over 500%, 630%, and 900%.Apr–May 2026
▶The nature of the company's divestment from its original business is described inconsistently; some claims state it sold its intellectual property for $39 million, while others specify it sold the entire shoe business for that amount.Apr 2026
▶The use of the $50 million is described in slightly different ways, with some sources stating it was used to purchase GPUs directly, while others describe it as a convertible financing facility to build AI-native cloud data centers.Apr 2026
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