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57 Allbirds' Move To AI Has Echoes of the Dot-Com Frenzy

Slashdot
BeauHD @ Slashdot 2 place · today 13:00 EDT

Allbirds' Move To AI Has Echoes of the Dot-Com Frenzy

An anonymous reader quotes a report from Bloomberg, written by writer Austin Carr: Allbirds is pivoting to artificial intelligence. The San Francisco brand, whose wool running shoes were once the sneaker du jour among the tech crowd, announced last week that it was expanding into AI computing infrastructure. The bizarre strategic shift was immediately greeted with a surprising frenzy on Wall Street, where shares of Allbirds soared 582% last Wednesday before dropping the next day. [...] Of course, the absurd

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