Myseum takes flight after Allbirds in fresh AI rebrand wave

A day after footwear maker Allbirds rose 582% on its plan to “pivot its business to AI compute infrastructure,” social media firm Myseum was up 181% early on Thursday in the latest sign of an investor mania for artificial intelligence stocks.

Early on Wednesday, Allbirds said it would rebrand itself as “NewBird AI,” having agreed to sell off most of its assets and intellectual property for $39 million last month. Allbirds said at the time that it planned to seek shareholder approval ‌for the “dissolution and wind-down ⁠of the ⁠company.”