> Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in valuePrevious | First | 1 | Last | Next
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Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
https://www.cnbc.com/2026/04/15/allbird … es-ai.html [Highly Credible Source (Liberal)]
Sneakers to AI? Doesn't this signal a bubble? 
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Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence.
The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday's close — by 582%. The shares, which were under $3 a day ago, jumped to about $17.
The company announced that it's pivoting its business to AI compute infrastructure in a release posted to its investor relations page.
The company, which according to the release will be called NewBird AI, announced a deal to raise up to $50 million in funding, expected to close in the second quarter of 2026.
"The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service," the company said in the announcement.
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
This is pretty typical stuff - capital and the markets love to chase what's hot. I've heard different versions of this over the years.
Frankly, the chance of Allbirds successfully pivoting from shoes to AI is low.
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
Factor in inflation and that's a traditional penny stock move.
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
wrote:
"The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service," the company said in the announcement.
We're gonna buy a bunch of video cards (even though they are all sold out for the next two years) and rent time on them to users!
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
wrote:
We're gonna buy a bunch of video cards (even though they are all sold out for the next two years) and rent time on them to users!
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ebert2.gif
They could buy Mac Minis to rent time... oh, wait, they're sold out too.
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.,Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
wrote:
They could buy Mac Minis to rent time... oh, wait, they're sold out too.
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
At the end if the day its about performance per watt.
Remember the 90s and all the high performance leaky procesdors and how they ended up getting owned by shyt that didnt need a 1000 waty power supply and 6 fans in the case?
Good timbs for AMD. Not so much for Intel.
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
AI
AI
It’s off to grift we go
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VP_Spiro_T_CheneyRe: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
Fuqing amateurs.
Social media to crypto to nuclear fusion!
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Re: Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
wrote:
We're gonna buy a bunch of video cards (even though they are all sold out for the next two years) and rent time on them to users!
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ebert2.gif
Why not just buy some AMSL machines and make the chips themselves? Plofit!
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