The footwear brand plans reinvention as Newbird AI with a $50 million convertible in a sign of the broader market shift into GPU infrastructure. Allbirds is abandoning its core footwear business and pivoting to AI compute infrastructure, backed by a $50 million convertible financing facility more than double its prior market value. The move reflects a trend in which surging demand for AI-related services is driving even small-cap companies to reposition toward gpu infrastructure Allbirds (BIRD)…
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