Allbirds Stock Pumps Again as Sneaker Firm Completes AI Pivot, Rebranding to Smartbird
Allbirds has completed the sale of its shoe and apparel business and is reinventing itself as an AI infrastructure company under the new name Smartbird. The Nasdaq-listed firm said it is now focused on building managed, dedicated AI computing clusters for enterprise customers. It also named Nadia Carlsten, formerly CEO of GPU infrastructure firm DCAI, as president, CEO, and board member. She replaces Joe Vernachio, while Lily Yan Hughes becomes board chair and Annie Mitchell stays CFO. Investors welcomed the shift, sending BIRD shares up sharply. The company also expanded its convertible financing facility from $50 million to $100 million to support the transition, and said it is in talks with prospective customers and designing initial cluster deployments.
