From shoes to AI to . . . Smartbird? It’s been a strange, winding path to an entirely new strategy for the company formerly known as Allbirds. On Wednesday, the company made two big announcements: It has named a new CEO, Nadia Carlsten, and it changed its name from Allbirds to Smartbird. It’s also identifying itself as “an AI infrastructure provider,” which, again, is a huge change from its previous iteration as a footwear maker. Carlsten will also join the company’s board and replace current CEO Joe Vernachio, who had taken the helm of the company in March 2024. She was previously leading Amazon Web Services’ quantum computing center, and was CEO at AI company DCAI. The news was evidently welcomed by the markets, as shares took flight after the announcement—BIRD stock was up roughly 45% midday Wednesday, and was up 37% at the time of market close Wednesday. (However, the stock is still down 50% over the past year.) In addition to a pivot to AI from the footwear
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