The shoe brand that was once a favorite of the Silicon Valley tech scene is moving away from footwear and onto what its wearers have been obsessing over the most: AI. Allbirds announced on Wednesday that it would be pivoting to focus on AI compute infrastructure, changing its name to “NewBird AI.” The company said it struck a $50 million agreement to fund the new venture. Shares in the company, which have struggled over the past year, shot up by more than 300%. Allbirds said in its release that