Allbirds, Inc. (BIRD) has announced a pivot from footwear to AI compute infrastructure, intending to rename the company NewBird AI and operate as a GPU-as-a-Service (GPUaaS) provider. The company has executed a $50 million convertible financing facility to fund this transition, following the sale of its brand and footwear assets to American Exchange Group. This strategic shift aims to transform the business into an AI-native cloud solutions provider by the second quarter of 2026.