TechThe Information5h ago
Figma’s Apple Moment; Allbirds’ AI Pivot
TL;DRAllbirds rebrands as AI chip company, stock soars 600%; Figma unveils major product.
Why it matters: Shows AI hype can drive valuations regardless of fundamentals; Figma news signals design tool evolution.
AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning itself into an AI chip firm called NewBird AI. Its stock rocketed 600% in response. But before we dig into that bizarre story, we should highlight what may be today’s more meaningful…
Read full articleSource: The Information · Opens in new tab