Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debut

By Pragyan Kalita July 28 (Reuters) - Ionic Digital, a bitcoin miner and AI infrastructure provider, secured a valuation of about $2.25 billion after its shares fell in the Nasdaq debut on Tuesday.
The Business Journals

Allbirds' former CEO finds new job running Columbia Sportswear brand

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The former Allbirds CEO who led ...
Entrepreneur

Allbirds Used to Make Viral Wool Sneakers. Now It’s an AI Company Called ‘Smartbird.’

Remember Allbirds, the comfy wool sneakers every tech bro wore to the office around 2019? They’re All-Gone. The company has officially renamed itself Smartbird, sold off the entire Allbirds shoe brand ...
Los Angeles Times

Allbirds stock takes flight after announcing new CEO and name change

This is read by an automated voice. Please report any issues or inconsistencies here. See more from the L.A. Times in Google Search. Set us as preferred Allbirds is clipping its wings — again. The San ...
Gizmodo

AIbirds Was Sitting Right There: Allbirds Changes Name to Smartbird in AI Pivot

Do you remember, in the midst of the absolute worst of the crypto phase, when an iced tea company added the word “Blockchain” to their name and saw their stock price spike by almost 400%? We’re ...
MarketWatch

Goodbye, Allbirds. Hello, ‘Smartbird’: Once-trendy sneaker maker’s bizarre transformation into an AI company becomes official.

The company formerly known for its Allbirds sneakers has taken another step in its pivot toward becoming an artificial-intelligence company with a new name and CEO. On Wednesday, Allbirds formally ...
The Business Journals

The National Beat: AI labs compete over computational power

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min AI labs are fighting for ...
Fast Company

Allbirds is dumping its environmental mission as it pivots to AI

“It belongs in an Onion article,” says Moiseeva, chief marketing officer at Commons, a fintech app that helps people spend more sustainably, in part by rating brands. Moiseeva has worked in ...
Seeking Alpha

Allbirds updates guidance after last week's shock AI pivot

Allbirds (BIRD) issued a guidance update on Tuesday ahead of the company's Q1 earnings report. The company estimates Q1 net revenue of $22.3M and adjusted EBITDA of $16.1M. A net loss of $19.6M is ...
THE WEEK

Can Allbirds’ pivot from shoes to AI really work?

It was not a joke. The shoe company Allbirds announced last week that it is pivoting to artificial intelligence, a sign that the AI bubble is about to pop. Or maybe the tech optimists are right and ...
Investopedia

Allbirds Stock Soared This Week. What Does It Mean That It Hasn't Fallen All the Way Back?

The S&P 500 on Friday topped 7100 for the first time as a temporary reopening of the Strait of Hormuz revived animal spirits. Market observers, lay and professional, appear to think the speedy ...