Allbirds Abandons Shoes for AI Chips, Stock Rockets 400%
A wool shoe company just announced it's abandoning sneakers to sell GPU compute, and the stock jumped 400% because apparently we've reached peak AI mania.
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A wool shoe company just announced it's abandoning sneakers to sell GPU compute, and the stock jumped 400% because apparently we've reached peak AI mania.
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The vibe-coding company is building an AI agent with a phone number and email address that you manage like a human assistant. Emergent is launching Wingman, a personal AI agent that runs on WhatsApp, iMessage, and Telegram and integrates with Gmail, Google Calendar, and Slack
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Google just put its AI assistant on Mac desktops, and the real story isn't the app, it's the data pipeline behind it. Google released a standalone Gemini app for macOS, giving Mac users native desktop access to its AI assistant
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Adobe just turned its entire Creative Cloud into a single conversational interface, and the shift from tools you learn to agents you direct is now unavoidable.
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A dead sneaker company just convinced the market it's an AI infrastructure play and the stock went up 373%, which tells you everything you need to know about where we are right now.
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Procurement burns billions in hidden labor costs because enterprise software never bothered to automate the boring parts—until now.
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The shoe company that made wool sneakers cool just sold its entire footwear business to become a GPU rental shop. Allbirds is rebranding as NewBird AI, pivoting from sustainable footwear to GPU-as-a-Service after selling off its shoe operations
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Accel just raised $5 billion to chase AI companies that now cost more than entire 2015 venture funds. Accel closed $5 billion across new funds, backing its portfolio of Anthropic, Cursor, and Perplexity with more capital for the scaling wars
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A bitcoin miner just bet $900 million that the real money is in keeping AI models fed, not mining coins. TeraWulf upsized its equity raise to $900 million to fund an AI data center campus, causing shares to slide in pre-market trading
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The EU just told Meta it might ban how AI companies access WhatsApp, and the shape of that fight will decide whether your messaging app becomes an AI platform or stays a walled garden.
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Snap just told 1,000 people their jobs are now done by algorithms, and every CEO watching is taking notes. Snap is cutting 1,000 employees (16% of its workforce) and closing 300+ open roles, with CEO Evan Spiegel explicitly citing "rapid advancements in AI" as the reason
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Silicon Valley money is moving to Pittsburgh, and it's not a romantic gesture. Valley Capital Partners, a Silicon Valley VC, relocated a general partner to Pittsburgh full-time, citing talent networks, affordability, and enterprise access as key drivers.
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Apple threatened to ban Grok from the App Store over sexual deepfakes, then quietly backed down after Musk promised to do better. Apple sent a private threat to X in January demanding better content moderation for Grok after nonconsensual sexual deepfakes flooded the platform
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A fish-farming tech darling just became a cautionary tale about the difference between building value and painting numbers. Indonesian prosecutors want 10 years for eFishery founder who admitted to inflating revenues, torching $300M in investor capital
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The AI boom just sent your electric bill a $1.4 trillion invoice. U.S. investor-owned utilities will spend $1.4 trillion on infrastructure by 2030, a 30% jump and more than the entire last decade combined
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The largest corporate ether holder just posted a $3.8 billion quarterly loss, and it's exactly what you'd expect when you turn a mining company into a treasury play. Bitmine reported a $3.8 billion Q1 loss as its pivot from mining to ETH accumulation continues
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The guy who built a horror empire by making hits cheap just spent real money learning AI can't kill Hollywood yet. Jason Blum got "destroyed on Twitter" after Blumhouse partnered with Meta in October 2024 to make AI-generated shorts
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X just turned every ticker symbol into a trading terminal. X launched Cashtags on iPhone in the US and Canada, letting users see real-time crypto and stock charts directly in their timeline when they tap any ticker symbol.
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Perplexity just turned search into a build-while-you-sleep machine. Perplexity announced Perplexity Computer, a new product that moves beyond answering questions to executing multi-step tasks autonomously
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XRP just got a real-world use case in the world's third-largest economy, and the whales are moving. Rakuten, Japan's e-commerce giant, integrated XRP for payments, pushing the token toward $1.38 as institutional flows accelerated
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