BIRD

Allbirds, Inc. is undergoing a significant strategic pivot, reorienting its primary operations to become an AI compute infrastructure company. The firm plans to procure powerful GPU assets to deliver specialized AI processing capabilities through long-term leasing agreements. Its ultimate ambition is to evolve into a comprehensive GPU-as-a-Service (GPUaaS) and AI-native cloud platform provider. To finance this transformation, Allbirds has taken two key actions: it has finalized an agreement to divest its original footwear and apparel brand and associated assets to American Exchange Group, and it has secured a $50 million convertible financing facility. The company's name is projected to change to "NewBird AI." Established in 2015, and headquartered in San Francisco, California, the entity was previously known as Bozz, Inc.