Figma’s Apple Moment; Allbirds’ AI Pivot
The Information
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Generative AI
AI Hardware
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 meaningful news: Anthropic executive Mike Krieger’s departure from the board of Figma. This might be what you’d call Figma’s Apple moment. For young folks, we’re talking about the then-Google CEO’s summer-2009 exit from the Apple board. He left a month after Google.