Sneaker Maker Allbirds Pivots to AI Technology

What Allbirds needs to do to make its Hail Mary AI pivot succeed

Allbirds is trying to pull itself out of a financial tailspin by pivoting to AI. Scott Olson/Getty Images Allbirds' plan to trade shoe stores for data centers won't be easy to pull off. The company needs more money, expertise, and relationships with hyperscalers. It could also try to acquire a private company already doing this work. In November, Allbirds told shareholders it was on the brink of insolvency. Transforming the shoe company into an AI compute company is its last-ditch plan. It ...