OpenAI Executive Kevin Weil Is Leaving the Company
OpenAI Executive Kevin Weil Is Leaving the Company Read More »
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OpenAI Executive Kevin Weil Is Leaving the Company Read More »
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In short: Allbirds is rebranding as NewBird AI and pivoting from sustainable footwear to GPU-as-a-service cloud computing after selling its shoe business to American Exchange Group for $39 million. The company secured $50 million in convertible financing, saw its stock surge 600% before falling back by a third, and plans to lease GPUs to AI […]
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Allbirds sold its shoe business for $39 million and is pivoting to AI cloud computing Read More »
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The Swedish telecoms equipment maker narrowly missed profit forecasts, with adjusted EBITA falling 20% year-on-year to SEK 5.6 billion. North America, which drove a 20%+ surge in Q1 2025, declined sharply as prior-year pull-forward investment unwinds. CEO Ekholm blames rising semiconductor input costs, partly driven by AI demand. Ericsson reported a sharp fall in profitability […]
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