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The Latest Breaking News from Klarna

Voices: Young people! Here’s what you need to know about ‘buy now, pay later’ loans

COMMENT: They’ve exploded in popularity particularly with 25 to 34-year-olds. But do they really know what they’re getting into – and is new regulatory oversight helping them make the right decisions, asks James Moore

The Independent UK

Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowers

The Guardian - US

The new CEO flex: Bragging that AI handles exactly X% of the work

The new CEO flex: Bragging that AI handles exactly X% of the work

Big Tech CEOs love to boast that AI is doing the work—but the numbers they cite are surprisingly vague, and the real impact is hard to track.

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inkl

Millions will be scammed on Prime Day. Don't be one of them

Keep your money away from thieves by using common sense and good old-fashioned paranoia.

Android Central

Android users get another option to pay later with Klarna on Google Pay

Klarna heads to Google Pay, giving consumers more Buy Now, Pay Later options in apps and websites.

Android Central

First your money, now your data: Klarna wants to become a global mobile network with unlimited 5G data, joining N26, Revolut - I just wonder how long before PayPal joins in

Klarna launches a $40 unlimited 5G mobile plan via AT&T, aiming to challenge telecom titans, but raising long-term reliability concerns.

The IPO market is booming—and more big listings like Klarna and StubHub could come this fall

More companies have gone public this year than any time since 2021.

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The ‘Godfather of AI’ says this sector will be safe from being replaced by tech—but even then, only the ‘very skilled’ will hold down a job

The ‘Godfather of AI’ says this sector will be safe from being replaced by tech—but even then, only the ‘very skilled’ will hold down a job

Ex-Google AI boss Geoffery Hinton has a stark prediction for workers: Most of you are about to get replaced. Anthropic's and Klarna’s CEOs have issued similar warnings.

British Telecom Giant BT Announced 55,000 Job Cuts by 2030 — Now Even More Could Go Due to AI

British Telecom Giant BT Announced 55,000 Job Cuts by 2030 — Now Even More Could Go Due to AI

BT CEO Allison Kirkby warned that AI advancements could lead to further job cuts beyond the 55,000 already planned by 2030.

International Business Times UK

‘How did I get approved for $30,000?’: is buy now, pay later headed for a fall?

‘How did I get approved for $30,000?’: is buy now, pay later headed for a fall?

Advocates worry debt burden is worse with installment payments as credit card debt balloons to over $1tn in US

The Guardian - US

The AI hype is just like the blockchain frenzy – here’s what happens when the hype dies

The AI hype is just like the blockchain frenzy – here’s what happens when the hype dies

In recent years, artificial intelligence (AI) has taken centre stage across various industries. From AI-generated art to chatbots in customer service, every sector is seemingly poised for disruption.

The Conversation

AI agents are becoming power users of enterprise software and deciding which tools to buy next—and Microsoft knows it

AI agents are becoming power users of enterprise software and deciding which tools to buy next—and Microsoft knows it

The fastest-growing buyer in enterprise software runs on a GPU.

Huge Changes Are Coming To Buy Now, Pay Later Services: What You Need To Know

Huge Changes Are Coming To Buy Now, Pay Later Services: What You Need To Know

Under new rules, Buy Now, Pay Later services will be subject to the same regulations as credit cards in Australia.

Klarna CEO predicts AI-driven job displacement will cause a recession

Klarna CEO predicts AI-driven job displacement will cause a recession

Sebastian Siemiatkowski foresees mass AI-induced headcount reductions among white-collar workers.

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The Independent UK

Buy now pay later provider Zilch to launch first physical card

The fintech, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores.

International Business Times UK

Klarna Slashed 40% of its Staff for AI — Now They're Scrambling to Rehire Humans After Customer Backlash

Klarna replaced 40% of its staff with AI, touting savings. However, customer dissatisfaction surged because the AI couldn't handle complex issues, prompting Klarna to rehire humans.

Meta wants to replace its human workers with AI to review privacy and societal risks

Up to 90% of risk assessments could become automated. Other companies like Klarna, Salesforce, and Duolingo are looking at job shifts in the face of AI.

The Chime IPO: what would-be investors should know about its $31 a share private market valuation and more

Chime reported losses in 2024 but posted a profit in Q1.

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Duolingo CEO walks back AI-first comments: 'I do not see AI as replacing what our employees do'

The post came a week after he said AI would replace contract workers and, eventually, human teachers.

Investors Business Daily

Will Tech IPOs Finally Roar Back After Hinge Health, MNTN Rallies? 3 Things To Watch.

Tech IPOs are slow to start the year but positive debuts from eToro, MNTN and Hinge Health could help.

International Business Times UK

Klarna Posts Big Gains—But Mounting Consumer Debt and a Paused IPO Raise Red Flags

Klarna also stated that customer credit losses have skyrocketed to $136 million (£101.27 million), equivalent to a 17% year-on-year increase.

The Independent UK

Klarna’s AI replaced 700 workers. It now wants some of them back to improve customer service

Klarna’s CEO has suggested that the AI job cuts have led to “lower quality” customer service

The Independent UK

Why are more shoppers struggling to repay 'buy now, pay later' loans?

Short-term lender Klarna says more customers are having trouble repaying their “buy now, pay later” loans

More Klarna customers could struggle to repay loans

Credit losses increased 17% year-over-year to $136 million in the first quarter.

Norway Wealth Fund is freezing hiring to focus on AI use, despite research showing AI projects seldom offer a return in investment

CEO Nicolai Tangen told Fortune the task of monitoring the risks of its 9,000 investments now takes minutes thanks to its AI.

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