Watching Smartbird; Shares See Volume To The Upside, Live On CNBC, The Exchange Hosts Segment Titled "The AI Pivot: Smartbird (Formerly Allbirds)" From Shoes To AI Infrastructure, Allbirds Sold Footwear Assets & IP For $39M In March 2026, Expanded Convertible Financing To $100M To Fund GPUs & Hardware
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Why It Matters
Allbirds sold its shoe business for $39 million and is using that money plus new borrowing to buy computer equipment for artificial intelligence work instead. This shows the company is making a big bet that AI is more important to its future than making shoes.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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