What Allbirds needs to do to make its Hail Mary AI pivot succeed
Mihaela Păun
In November, Allbirds told shareholders it was on the brink of insolvency. Transforming the shoe company into an AI compute company is its last-ditch plan. It won't be easy. Allbirds, which intends to change its name to NewBird AI, currently lacks the money, the physical assets, the expertise, and the relationships it will need to compete in an increasingly crowded space, AI industry insiders say. Here's what the company would have to do to reinvent itself. Allbirds last month said it had sold
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