Allbirds, the sustainable footwear company that went public at a $4. 1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI compute. Shares surged more than 50% on Wednesday morning before pulling back.
Source: [TNW](https://thenextweb.com/news/allbirds-smartbird-ai-infrastructure-pivot)