Forbes Topline

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Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed.

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Forbes Topline

Episodes (40)

Thursday Shoemaker Allbirds Suddenly Says It’s An AI Company
Wednesday Here Are The Hidden Fees You're Paying Because Of The Affordability Crisis
Tuesday Forbes 250: The Greatest Living Self-Made Americans

Forbes Topline

Apr 16, 2026
4½ minutes
0

Allbirds, the former minimalist shoe company that briefly surged in popularity among Silicon Valley tech workers a decade ago, announced it would suddenly become an “AI compute and cloud services company,” selling its branding and footwear assets and rechristening itself “NewBird AI”—and causing its cratering stock to jump over 800% after the announcement. KEY FACTS In a press release issued on Wednesday, the struggling footwear company said it raised $50 million through an unnamed institutional investor to become an “AI compute infrastructure” company. The deal is expected to close in the second quarter of 2026, according to the release As part of the pivo...

Forbes Topline

Shoemaker Allbirds Suddenly Says It’s An AI Company

Forbes Media LLC

00:00 -03:30