auto_awesomeAI Summary
“Allbirds, once a successful footwear company, has abandoned its core business to pursue AI opportunities after years of declining sales and profitability issues. The dramatic pivot reflects growing corporate interest in AI as a business restructuring strategy, though the substantial loss on its assets raises questions about the sustainability of such transitions.”
Struggling shoemaker Allbirds pivots to AI, selling brand for $39 million.
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