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● LIVE Updated 1d ago · 15 sources tracked

The CEO of Allbirds’ new AI biz has a plan, but no team

Allbirds has rebranded as Smartbird or NewBird AI and shifted its business model to AI infrastructure. The company now plans to buy GPUs and rent out compute capacity for training and deploying machine-learning models. The new CEO, a former AWS executive, is currently the only employee working at the venture.

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What changed

The company officially rebranded and transitioned from selling footwear to providing AI compute capacity.

Live updates

  1. Allbirds Rebrands as Smartbird to Pivot Into AI Infrastructure

    Allbirds has rebranded as Smartbird or NewBird AI and shifted its business model to AI infrastructure. The company now plans to buy GPUs and rent out compute capacity for training and deploying machine-learning models. The new CEO, a former AWS executive, is currently the only employee working at the venture.

    What's confirmed:

    • Allbirds rebranded as Smartbird or NewBird AI.
    • The company pivoted from footwear to AI infrastructure.
    • The new business model involves buying GPUs to rent out AI compute capacity.
    • The new CEO is a former AWS executive.
    • The CEO is currently the only person working at the company.
    • The CEO stated that people won't even remember the shoes.

    Still unconfirmed:

    • Allbirds sold its shoe business and intellectual property for $39 million.
    • The company warned shareholders it was close to insolvency before the pivot.
    • The pivot occurred in April.
    confidence 90%