00:00A sneaker company just made a wild move.
00:03According to reports, Allbirds Inc., once known for eco-friendly shoes, is now shifting into artificial intelligence.
00:11The company plans to rebrand as Newbird AI and focus on AI computing, including renting out powerful hardware to businesses.
00:21And investors reacted fast.
00:24Its stock surged massively in a single day as excitement around AI continues to grow.
00:30But here's the reality.
00:32According to reports, Allbirds Inc. is stepping away from its core shoe business after struggling with sales, closing stores, and
00:40selling assets.
00:41At the same time, analysts are raising concerns, saying the company has no strong background in AI, and similar sudden
00:49pivots haven't always worked in the past.
00:52A struggling shoe company is trying to reinvent itself as an AI business.
00:57Big hype, big opportunity, but also big risk.
01:01Big hype, big difficulty, but also big mistake.
01:02Big hype, big touches.
01:02Six.
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