American Exchange Group business and news from across the web.
Struggling footwear company Allbirds is pivoting its business to focus on AI and GPUs, rebranding as NewBird AI. The company has sold its footwear assets to American Exchange Group and secured $50 million in financing to purchase GPU assets for AI compute infrastructure. This move comes amid a surge in demand for AI services and a significant increase in Allbirds' stock value.
