Crypto

Allbirds Stock Pumps Again as Sneaker Firm Completes AI Pivot, Rebranding to Smartbird

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In brief

  • Allbirds, the footwear company, has sold its shoe business and rebranded as Smartbird, an AI infrastructure provider.
  • Nadia Carlsten, a veteran of AI compute infrastructure, has been named president and CEO.
  • The company boosted its convertible financing facility to $100 million to fund…

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