Allbirds raises $50 million through convertible bonds and plans to change its name to "NewBird AI," betting on a transformation into AI infrastructure.

CoinFeed reported on April 15 that, according to CoinDesk, Allbirds Inc. has raised $50 million through convertible bonds and plans to transform from a retail footwear business into an AI computing infrastructure provider, and intends to change its name to "NewBird AI".