Dossier
AI-native cloud solutions
Coverage of AI-native cloud solutions in the Nexus archive.
- Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
Allbirds, known for its shoes, shifted focus to AI after struggling financially post-IPO. The company sold its assets for $39 million and plans to launch NewBird AI as a GPUaaS and AI-native cloud solutions provider, with a $50 million investment expected to boost its stock 600%.
- Allbirds abandons clothes, pivots to "AI compute infrastructure"
Allbirds, known for sustainable shoes, is pivoting to AI compute infrastructure as NewBird AI with $50 million in convertible financing. The company sold its footwear brand to American Exchange Group while launching new shoes, signaling a strategic shift toward GPUaaS and AI-native cloud solutions.