Allbirds (NewBird AI)

Allbirds is a New Zealand-founded, Nasdaq-listed sustainable footwear brand (ticker: BIRD) that went public in 2021 at a $4B valuation on its merino wool and eucalyptus-fiber sneaker line. In 2026, after steep revenue declines and US store closures, it sold its shoe business and announced a rebrand as NewBird AI to pursue GPU cloud compute infrastructure.

First mentioned: April 2026