After years of struggle, former shoe company Allbirds (NASDAQ: bird) Announce They focus on providing infrastructure for artificial intelligence (Amnesty International) on April 15, 2026.
The move, backed by $50 million from an unnamed institutional investor, led to… Immediate market reaction Like birds stock It rose by 582.33% within one day – from $2.49 to $1 at the end of the session.
On the other hand, after-hours and pre-market trading on April 16 erased some gains with a 36.44% decline to $10.80.
In addition, Allbirds decision Demands Former hedge fund manager and prominent television personality, Jim Cramerto express what can be said to be concerned about him X.
“What a bunch of jokesters and enthusiasts,” Jim Cramer reacts to the Allbirds AI hub
Specifically, in a social media post dated April 15, Jim Cramer said he wished Allbirds well following its decision to switch to a GPU provider, but he also criticized the whole situation as a sign that “things have gone too far.”
Without explicitly naming anyone, the “Mad Money” host added:
What a bunch of clowns and charlatans…
While the popular TV personality did not go into detail, it appears he was reacting to the broader trend of companies either getting into the AI sector in earnest or just claiming to do so in a practice known as “AI washing.”
Until now, this practice has been widely criticized because it often involves few material changes to the company, and instead represents little more than the use of a popular buzzword.
Even prominent technology giants who have been undeniably involved in the development of artificial intelligence have faced similar criticism. For example, claim Mass layoffs are driven by automation, while simultaneously applying for it Record numbers for H-1B visas It is a matter of particular controversy.
Jim Cramer, judging by the language in his post
Featured image via Shutterstock
