sfgate.com
American Exchange Group, which entered a purchase agreement with Allbirds earlier this year, intends to “build on Allbirds’ legacy and deliver compelling products to Allbirds’ customers” by changing its name to NewBird AI. The company is set to receive $50 million from an investor, and stocks have soared to $19 per share, up from $2.59 earlier this year.

This feels like the moment when we can officially say AI has jumped the shark. Even as a skeptic, I have to admit the usefulness is real; I've been able to utilize Claude Code to help me make some little web apps and tools for myself, but I don't know how you go from being a huge shoe company—even if you are based in the Bay—to an AI company. Its capitalism run rampant. Everyone's just chasing a dollar rather than working on things that they actually think are important, that they enjoy, or that they want to do. It's the personification of a bad MBA.