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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar

Allbirds has rebranded as Smartbird and transitioned into an AI infrastructure company. Former AWS executive Nadia Carlsten now serves as CEO. Company shares rose following the announcement.

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What changed

The company's name change and CEO appointment occurred on Wednesday, June 17.

Live updates

  1. Allbirds pivots to AI infrastructure as Smartbird

    Allbirds has rebranded as Smartbird and transitioned into an AI infrastructure company. Former AWS executive Nadia Carlsten now serves as CEO. Company shares rose following the announcement.

    What's confirmed:

    • Allbirds rebranded as Smartbird.
    • The company pivoted to become an AI infrastructure firm.
    • Nadia Carlsten, a former AWS executive, was appointed CEO.
    • Company shares increased after the news.

    Still unconfirmed:

    • The new AI business currently has no employees.
    • The company is operating as a startup with a sole founder and a large seed round.
    • Shares rose by more than 30%.
    confidence 90%

  2. Allbirds Rebrands as Smartbird to Pivot Toward AI Infrastructure

    Allbirds has transitioned from footwear to an AI infrastructure company under the name Smartbird. The firm appointed Nadia Carlsten as CEO and board member to lead the shift. Shares increased by over 50% following the news.

    What's confirmed:

    • Allbirds changed its name to Smartbird.
    • The company is shifting its focus from shoes to AI infrastructure.
    • Nadia Carlsten is the new CEO.
    • Shares rose over 50% following the announcement.

    Still unconfirmed:

    • The company expanded financing to 100 million dollars to buy graphics processors.
    • Nadia Carlsten previously built an NVIDIA-powered supercomputer.
    • The company became NewBird AI in April.
    confidence 80%

  3. Allbirds Rebrands as Smartbird to Pivot Toward AI Infrastructure

    Allbirds has officially changed its name to Smartbird and shifted its focus from footwear to AI infrastructure and cloud computing. The company appointed former AWS executive Nadia Carlsten as CEO and sold its footwear assets. Shares surged over 50% following the announcement.

    What's confirmed:

    • Allbirds officially changed its name to Smartbird on Wednesday.
    • Former Amazon Web Services executive Nadia Carlsten was appointed as CEO.
    • The company is pivoting from footwear to provide AI infrastructure as a managed service.
    • Smartbird shares rose over 50% to $5.92.
    • The company sold its footwear business and IP to the American Exchange Group.
    • Smartbird expanded its convertible financing to $100 million.

    Still unconfirmed:

    • The new CEO stated that people will not remember the shoes.
    confidence 95%