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Claimed to be the environmentally friendly shoe brand Allbirds, known as the "Silicon Valley coders' favorite battle shoes," announced yesterday that it is shifting to AI computing power.
Once the news broke, the stock price soared from $2.30 to a high of $24, a tenfold increase.
The key point is that Allbirds previously had no AI experience at all, so-called transitioning to the AI industry.
First, they sold their brand trademarks and shoes for $39 million, then raised $50 million in funding (the money is expected to be received by the end of Q2), and bought high-performance GPUs to rent out computing power. 😅