Allbirds' Stock Jumps 467% on Plan to Shift From Shoes to AI

Allbirds is trading in its wool sneakers for GPUs. The once high-flying shoe brand said Wednesday it plans to reinvent itself as an artificial-intelligence infrastructure company—yes, seriously. CNBC reports on the gambit: The business, to be renamed NewBird AI, aims to buy "high-powered, low-latency AI compute hardware" and lease...