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Allbirds pivots to AI company SmartBird, expects stock boost

Allbirds, the footwear and apparel company, is undergoing a significant transformation by pivoting to an AI-focused business model under the new name SmartBird. This strategic shift aims to leverage artificial intelligence across its operations and product development. The company anticipates this change will positively impact its stock performance. AI

IMPACT This pivot signals a trend of traditional companies integrating AI into their core business strategies, potentially impacting consumer product development and operational efficiency.

RANK_REASON Company pivot to a new business model involving AI.

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