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EXPLAINED: 8 - The Real Truth

Klarna has 1,800 employees it hopes AI will render obsolete

Klarna CEO Sebastian Siemiatkowski wants to trim his staff to 2,000, from a peak of 5,000, with the help of AI.

Fortune

'Our Chatbots Perform The Tasks Of 700 People': Buy Now, Pay Later Company Klarna To Axe 2,000 Jobs As AI Takes On More Roles

As AI technology continues to advance, Klarna, a Swedish financial services company, is planning to reduce its workforce by almost 50% in favour of AI-powered automation.

International Business Times UK

Klarna's CEO embraces AI and the 'Toyota Way'

The "buy now, pay later" CEO sees a lot of similarities between fintech and carmaking, particularly when it comes to security and quality.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Klarna's CEO is embracing AI and expanding into credit cards

There's more to Klarna than "buy now, pay later."

Fortune

The IPO market is gaining steam. Who might list later this year?

Big debuts from Reddit and Astera Labs are raising hope the IPO market has finally rebounded. But it’s still not the soaring, go-go days of 2021.

Fortune

More Middle-Class Familes Are Feeling The Pinch - Here Are The Top Reasons Why

The middle class struggles with financial strain despite rising incomes due to social pressures and economic anxieties. Experts urge proactive financial planning.

International Business Times UK

Apple kills off its buy now, pay later service service barely a year after launch

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna

The Independent UK

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Hollywood star Alexander Skarsgård is Spotify's new voice of conscious capitalism

Alexander Skarsgård is host of new podcast How We Fix This, highlighting the world's most impressive impact startups.

Fortune

Buy now, pay later companies must adhere to credit card standards, consumer agency says

The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders

The Independent UK

'Is That Where We're at Now? Financing Bread and Milk?': Using Klarna's 'Buy Now, Pay Later' for Groceries

Klara's interest-free loans may suit people with low credit scores, but the consequences of late payments can be similar to credit cards or traditional loans.

International Business Times UK

How to make credit cards less evil

Klarna, the buy-now-pay-later company, is out with a different kind of card.

Axios

Fears of spiralling debt as ‘buy now pay later’ credit quadruples in UK

Campaigners and MPs demand regulation of sector as struggling consumers increasingly use the deals to buy everyday essentials

The Guardian - UK

Europe's largest fintech firm froze recruitment because its AI assistant is so good — Klarna's AI bot does the work of 700 people and no, it's not connected to the layoff of 700 employees in 2022

Klarna's AI assistant does the work of 700 people, but that's not linked to the company laying off 700 people in 2022.

TechRadar

This £5.5B Start-Up Laid Off 700 Employees 2 Years Ago, Says AI Does All Of Their Work

Klarna claims its AI assistant handles diverse inquiries in 35 languages, typically within 2 minutes.

International Business Times UK

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Windows Central

Microsoft Copilot continues to improve, gaining 3 new popular plugins — here's what they are and how to use them

Copilot is getting plugin support for applications including Shopify, Klarna, and Kayak on top of the currently supported OpenTable and Instacart.

Top News

Amazon Fresh Introduces Recurring Reservations For Grocery Delivery

Explore global e-commerce trends, economic insights, and consumer behavior shifts in the grocery sector.

WEKU

How do you use Buy Now, Pay Later? It likely depends on your credit score

New research finds that people who use it the most tend to use it like a credit card, instead of a credit card. And that's regardless of income.

Fortune

Klarna’s CEO embraced AI by telling OpenAI’s Sam Altman, “I want Klarna to be your favorite guinea pig”

As his fintech preps for an eventual IPO, Sebastian Siemiatkowski believes experimenting with AI is crucial.

Get all your
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That Peter Crouch tech interview: from footballer to online sensation

T3 meets Peter Crouch to talk podcasts, robots, fitness and shopping.

Kiplinger

Klarna Launches BNPL Subscription Plan. Is It Worth It?

Klarna says its buy-now-pay-later program can save users $12/month.

Windows Central

How to get started with Copilot plugins on Windows 11

Copilot free and Pro have access to plugins that can help extend the capabilities of the AI, and in this guide, I will show you how to get started with this feature.

Evening Standard

Nearly quarter of Londoners turn to buy now, pay later services as cost of living crisis bites

Services include Klarna, Laybuy and PayPal Credit

The Independent UK

Klarna CEO Siemiatkowski says buy now, pay later is used by shoppers who otherwise avoid credit

Sebastian Siemiatkowski is a co-founder and CEO of Klarna, the Sweden-based company that’s one of the world’s biggest providers of buy now, pay later services to customers

The Independent UK

Older shoppers embracing buy-now-pay-later options such as Klarna – research

Home and garden is now the second most popular shopping category among Klarna users, as the age demographic has evolved.

The Guardian - UK

‘We can’t let Tesla get away with this’: why Swedish unions are fighting Elon Musk

Billionaire is against the labour movement, and workers believe their country’s traditions are under threat

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