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Klarna CEO Sebastian Siemiatkowski says AI can perform his job as it has reasoning capabilities. The buy-now, pay-later firm's cofounder said the realization made him feel "gloomy." ...

Curious about Klarna? I tested this buy now, pay later app to see how it works, compares to credit cards, and whether the ...

In December 2023, Klarna’s CEO, Sebastian Siemiatkowski, told The Telegraph the company has elected not to hire any new employees outside of its engineering department because he believes AI can ...

Klarna eyeing IPO There might not be better timing for Klarna making itself more nimble with AI, as stocks producing and harnessing the technology enjoyed bumper increases in value in the last year.

Klarna partnered with ChatGPT maker OpenAI in 2023 and launched an AI customer service assistant using its technology a year later. The company said last year that AI was doing the work of 700 ...

Klarna had credited an improvement in its financial performance to AI, with net losses declining from 854 million Swedish Krona, around $84 million, during the second quarter of 2023, to 10 ...

Klarna brands itself as an AI company and has "streamlined" its workforce by 40% since 2022. Klarna's Q1 results show revenue growth but see a spike in net and credit losses.

Klarna now saves about $10 million a year by using AI for marketing, legal tasks, and customer service. Their chatbot alone has replaced 700 human agents, handling inquiries nearly nine minutes ...

Klarna, which provides buy now, pay later loans, told Bloomberg TV last December it stopped hiring in 2023 at the same time that it ramped up AI use among its ranks. However, even after it ...