Can Allbirds take flight as an AI company?
Summary
Allbirds, a shoe company that has faced difficulties, said it will stop making shoes and change into a company focused on artificial intelligence (AI). This is a major shift for the company as it moves from shoes to technology.Key Facts
- Allbirds is a shoe brand.
- The company has been struggling recently.
- Allbirds announced it will leave the shoe business.
- It will become an artificial intelligence (AI) company.
- This change means the company will focus on technology instead of shoes.
- The announcement was reported by CBS News.
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