BREAKING: A shoe company's stock is up 430% today after announcing it is ditching shoes and becoming an AI company.
Allbirds, once valued at $4 billion sold its entire shoe business for $39 million and is rebranding as NewBird AI. They plan to buy GPUs and rent out computing power to AI developers who cannot get access through Amazon or Microsoft.
This is a company that was days away from shutting down completely.
One AI announcement changed everything.
The AI compute shortage is so real that a dying shoe company just became an AI infrastructure play overnight and the market gave it a 430% gain in a single day.
NEW: China officially opens the world’s tallest bridge, completing the project in under 4 years.
The bridge features a restaurant at the top, a whopping 2600 ft above the river.
The bridge not only cuts a 2-hour drive to 2 minutes, but also features as a theme park with a glass skywalk, a high-speed glass elevator, and a waterfall off the edge of the bridge.
Visitors can also bungee jump off of it.
The Huajiang Grand Canyon Bridge is 2050 feet above the river and spans 4600 feet over the river.
Insane.