Allbirds, the shoe company, has launched a new AI venture called SmartBird, led by former AWS executive Nadia Carlsten. The company aims to provide AI infrastructure with a focus on data sovereignty. Despite having no employees, SmartBird has secured $100 million in funding after the sale of Allbirds' shoe business for $43 million. AI
IMPACT This pivot and funding indicate continued investment in AI infrastructure, potentially impacting data sovereignty solutions.
RANK_REASON Significant funding round for a new AI venture launched by a known consumer brand. [lever_c_demoted from significant: ic=1 ai=0.7]
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