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Fuck AI@lemmy.world · 6 days ago

Allbirds pivots from shoes to AI, stock explodes more than 400%

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Allbirds pivots from shoes to AI, stock explodes more than 400%

inclementimmigrant@lemmy.world to

Fuck AI@lemmy.world · 6 days ago

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Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

Bubble gonna burst.

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as “AI” meant to increase market valuations.

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