00:00Allbirds was basically dead. You know, the wool shoe company that was valued at about $4 billion
00:05was basically shutting down. Then they pulled the most 2026 move ever. They said,
00:12we're not a shoe company. We're now an AI company. They're rebranding to Newbird AI and raising $50
00:20million to build AI infrastructure. The plan is to rent out GPU capacity, you know, the chips that
00:27power AI in what's known as GPU as a service. Think neoclouds like CoreWeave or Lambda that rent
00:35out the compute capacity to either train or run AI models inference. Investors really did not
00:42overthink it. The stock went from like $2 a share to $20 a share in a single session. It jumped
00:48almost
00:49900%. Yes, 900%. So the story is really about a failing shoe brand that rebranded and is going
00:59after one of the hottest corners of the AI market. Genius move or complete peak AI bubble? You decide.
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