Hi, everybody, welcome to this free episode of TF. It is Hussein Nova. It's Riley.

And I'm very happy to announce that the paper clipping has begun.

That's right.

Operation Paperclip 2, which is use the technology brought over by the Nazis to turn everything into paper clips in a long enough time scale.

Yes, that's right.

It's happening.

I've wanted to talk about this

for a second, but I've not gotten a chance. It's pushing every, it's pushing Mandelson. It's

pushing the Palantir Seferoth announcement. Allbirds, the ultimate shoe of the venture

capitalist. Oh, the shoe for like, like guys who need orthopedic shoes, but are embarrassed

that they do need orthopedic shoes. Yes. The wool shoes. It's very popular among like certain kinds of fashionable dad at the playground as well. They're no longer, the design is no longer owned by Allbirds. It's now owned by the American Exchange Group. Allbirds has sold its, all of its design and all of its shoe assets for $39 million. It was worth $4 billion a couple of years ago, by the way. They could never get the shoes off the ground, I suppose. That is the point of shoes. I suppose to stay, but the shoes are supposed to stay on the ground. My Nike grounds, my ground force ones. The all birds basketball shoe. Like round pounders?

Come on.

Very, very tacky soul, you know?

I mean, this is a good point in the sense of like, you know, they hate the business

for doing what it should be doing.

Yeah.

So Allbirds has sold all of its shoe assets to American Exchange Group, a brand management

company, and has announced that has now received $50 million of investments and not

that much in today's

investing world, but quite a bit still, to rebrand as something called Newbird, which is expected

to pivot to AI compute infrastructure. Oh, yes. We're not a shoe company anymore. We're an

AI compute supplier. Genuinely. I'm often saying, and Riley, you can vouch for this.

...