Allbirds Rebrands as Smartbird, Shifts to AI Infrastructure

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 1 day ago

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Source: stocktwits

Rebranding: Allbirds announced its rebranding to Smartbird, Inc., marking its transformation from a footwear company to an AI infrastructure provider, reflecting growing investor interest in AI-related businesses.
Leadership Change: Former Amazon executive Nadia Carlsten has been appointed as CEO, aiming to leverage her extensive industry experience to drive the company's strategic development in AI.
Asset Sale and Financing: The company completed a $39 million asset sale in March and expanded its senior secured convertible note facility to $100 million, providing crucial funding for building AI computing infrastructure.
Market Reaction: Following the announcement, Smartbird's stock surged over 33%, with retail investor sentiment shifting from 'bearish' to 'extremely bullish', indicating a positive market response to the company's new strategy.

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About BIRD

Smartbird, Inc., formerly Allbirds, Inc., is an artificial intelligence (AI) infrastructure provider. The Company delivers AI infrastructure as a service, giving organizations the performance, control, and security of a private AI cluster without requiring them to finance, operate, or maintain the underlying infrastructure. It manages the entire life cycle, from procurement and deployment to operations and hardware refreshes, so customers can focus on AI workloads, not AI infrastructure. The Company designs, deploys, and manages AI environments tailored to each customer's needs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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