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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." ...

Is Klarna building an AI-first model for its users, or simply crafting a compelling narrative for its much-anticipated IPO?

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, which is getting ready to debut as a public company, was using the updated financials to tout AI as a driving factor for hitting 100 million users. It credited its use of AI for a fourth ...

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, 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 ...

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 has embraced AI. In February, the Swedish company said its AI assistant was "doing the equivalent work" of 700 full-time human agents.

Klarna CEO Sebastian Siemiatkowski told CNBC his company has shrunk its workforce by about 40%, in part due to its investments in artificial intelligence. He also attributed the headcount ...