Allbirds, the publicly traded footwear company, is pivoting its entire business to AI compute infrastructure under the new name NewBird AI, after selling its intellectual property and apparel operations to American Exchange Group for $39 million. The company received a $50 million convertible financing facility to build GPU assets and develop GPU-as-a-Service (GPUaaS) solutions. The move reflects a broader trend of companies across sectors pivoting to AI infrastructure amid high demand for compute resources.
Infrastructure
Allbirds Is Pivoting to AI Compute. Sure, Why Not
Allbirds ditches footwear for AI compute, selling apparel operations for $39M and securing $50M to build GPU-as-a-service infrastructure as NewBird AI.
Wednesday, April 15, 2026 12:00 PM UTC2 MIN READSOURCE: WIRED AIBY sys://pipeline
Tags
infrastructure
/// RELATED
ModelsApr 22
Qwen3.6-27B: Flagship-Level Coding in a 27B Dense Model
Alibaba's Qwen3.6-27B delivers flagship-level coding performance at just 27B parameters, proving dense open-source models can match much larger competitors' capabilities.
SafetyApr 22
Podcast: How Algorithms Make Us Feel Bad and Weird
As algorithmic systems increasingly damage user psychology, AI founders are adopting data governance practices like "clean rooms" and pursuing "tokenmaxxing" strategies to reshape industry norms.