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# ai-infrastructure → convertible-financing → allbirds → newbird-ai

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Wall St Engine on X: "Allbirds $BIRD to sell its brand and footwear assets, rename itself NewBird AI, and use a new $50M convertible financing facility to buy high-performance GPUs to pivot into AI compute infrastructure. https://t.co/mVnTEs5jww" / X

Allbirds is offloading its brand and footwear assets and will rename itself NewBird AI. It secured a $50 million convertible financing package to acquire high-performance GPUs and shift into AI compute infrastructure.
Saved by mark · Last saved April 15, 2026 · 1 min read
allbirds ✓ newbird-ai ✓ convertible-financing ✓ + gpu ai-infrastructure ✓