Funding
NewBird AI pivot
Allbirds rebrands as NewBird AI, raises $50M to buy GPUs, stock up 600%+
Shoe company Allbirds, down 99.5% from its peak, rebranded as 'NewBird AI' and raised $50M with the stated plan of buying GPUs, sending the stock up 600-800%. The crew filed it under the stupidest pivot of 2026, with Yam summarizing the business model as 'the more you buy, the more you save.'