The gap between AI insiders and everyone else is widening, and the spending, suspicion, and even new vocabulary are starting to show it. While OpenAI is busy buying up everything from finance apps to talk shows, a certain shoe compa…
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
The collapse of the brand, which was originally venture-backed and that went public in 2021, has been well-documented.
Once symbolic of a mid-2010s San Francisco tech bro, Allbirds is cutting costs to “support the long-term health of the business.”