Allbirds, an [ex] shoe company with an environmental focus that has been around for over a decade now, has announced the sale of the brand and a pivot to AI. This includes a $50 million investment from "an institutional investor" into a facility, which is expected to serve the company's goals.
As detailed in its latest press release (via Wall Street Rollup), it plans on becoming a "fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider."
In connection with this pivot, the Company anticipates changing its name to “NewBird AI.”
This means that NewBird AI, if successful, would be renting out access to high-performance GPUs via the cloud. Traditionally, services like this are used for AI training, rendering, and simulation. If a company cannot afford/doesn't have the space for cutting-ed...
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