Allbirds rebrands as AI company, stock jumps 600%

Hey man, what if instead of shoes we did AI? You'll have to forgive me. I've been in three different airports the last 24 hours. Can you say that again? Fair enough. Let me start over. So I'm AI, right? Yes, you're I, Dave, a character I play to tell the weekly AI news.

Right. And I need computing power to keep up. You sure do. Trillions of dollars have been spent just to build and run AI at scale. And that's Instagram. Right. Allbirds was huge for a minute there, but they haven't made a profit since going public in 2021. And they announced they were closing most of their physical stores earlier this year.

And then sold off their name and assets for $39 million. Pretend this is an Allbirds shoe. Okay, sure. So now Allbirds has a bunch of factories, but no shoes. Ow! Is Allbirds going to build AI data centers? Yes, they announced the pivot to AI this morning. Sorry, I think the melatonin is kicking in. Are you saying that Allbirds is going to be an AI company now?

Yeah, they even renamed their company. Oh, to AIbirds, I bet. That would have been good, but it's Newbirds AI.

Oh.

But they're doing so well. But they're doing so well. They barely existed.