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proactiveinvestors. com > companies > news > 1090612 > allbirds-pivots-from-shoes-to-ai-servers-after-securing-50m-funding-1090612. html

Allbirds pivots from shoes to AI servers after securing $50m funding

7+ hour, 14+ min ago  (220+ words) Allbirds Inc (NASDAQ: BIRD)shares flapped over 200% higher after announcing a hard pivot from woollensneakers to artificial intelligence infrastructure, enabled by a new $50 million convertible financing facility. The company said the deal will fund plans to "pivot its business to…...