Former shoe company Allbirds completes AI pivot as Smartbird, hires new CEO with no team in place
The footwear company once valued at $4 billion has officially become Smartbird, an AI infrastructure firm. New CEO Nadia Carlsten, a former AWS executive, starts with $100 million in funding but zero employees, no customers, and no data centers. She's now tasked with building an AI compute business from scratch while investors watch closely.