| ▲ | svnt a day ago | |
They sold everything of value they had for $39 million to buy and rent out GPUs and now are somehow worth four times that. Anyone with $40 million worth of something and a shell company can do the same thing. | ||
| ▲ | spindump8930 a day ago | parent | next [-] | |
Not clear that they even have any GPUs yet: > Allbirds, which will be renamed “NewBird AI,” said it executed a $50 million deal with an unnamed institutional investor to acquire “high-performance GPU assets” to begin transitioning into a “fully integrated GPU-as-a-Service” Serious folks know it's not straightforward to suddenly get any number of GPUs these days, even at that level of money | ||
| ▲ | peyton a day ago | parent | prev [-] | |
Anyone with a shell company listed on NASDAQ I guess. That part’s probably pretty important. | ||