On April 16, Allbirds executed a $50 million convertible financing facility agreement with an institutional investor. The company plans to sell its footwear brand to American Exchange Group and pivot to becoming a GPU-as-a-Service (GPUaaS) provider. It anticipates changing its name to 'NewBird AI' in connection with this business pivot.
HIVE Digital Technologies has upsized its private offering to $100 million to fund its strategic expansion into high-performance computing (HPC) and AI infrastructure. The company priced its exchangeable senior notes at a 0% interest rate with a 2031 maturity to significantly increase GPU capacity. In a significant…
Read the full storyEigen Labs has introduced Project Darkbloom, a research initiative designed to harness the idle processing power of Apple Silicon machines for AI inference. This decentralized infrastructure project aims to create a distributed compute network that leverages the high-performance unified memory architecture of Apple's…
CoreWeave has expanded its Meta partnership to $21 billion for Nvidia’s Rubin chips, while simultaneously securing a significant $6 billion contract with Jane Street to strengthen long-term revenue visibility. To further reinforce its AI cloud infrastructure, the company received a $1 billion equity boost,…
Allbirds has announced a major strategic pivot from retail to AI infrastructure, securing a $50 million convertible financing facility with an institutional investor. The company plans to divest its footwear brand to American Exchange Group to focus exclusively on becoming a GPU-as-a-Service (GPUaaS) provider. In line…