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The Latest Breaking News from Sebastian Siemiatkowski

Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boom

The Guardian - UK

AI enabled Klarna to halve its workforce—now, the CEO is warning workers that other ‘tech bros’ are sugarcoating just how badly it’s about to impact jobs

AI enabled Klarna to halve its workforce—now, the CEO is warning workers that other ‘tech bros’ are sugarcoating just how badly it’s about to impact jobs

Sebastian Siemiatkowski, who told Sam Altman he wanted Klarna to be ChatGPT’s “favorite guinea pig,” says too many CEOs are downplaying how disruptive AI will really be.

Klarna boss says AI has let it cut workforce in half and boost staff pay

Klarna boss says AI has let it cut workforce in half and boost staff pay

Sebastian Siemiatkowski said there is a ‘massive shift’ coming to society as a result of AI.

The Independent UK

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MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

While some CEOs fear AI will replace them, David Rogier built an AI clone of himself—and says it's made him more essential, not less.

Klarna and Google CEOs are vibe coding—a skill that could help you land your next job

Sebastian Siemiatkowski said he can create a prototype in 20 minutes that previously took weeks.

Klarna’s cofounder worked at Burger King and lived on welfare before starting the buy-now, pay-later firm. It’s now worth $16 billion after IPO

Klarna CEO Sebastian Siemiatkowski worked at Burger King and lived on welfare before starting his $16 billion fintech firm.

Klarna's $17 billion IPO has just turned 40 staffers into overnight millionaires—while Nvidia, Canva, and Palantir workers are seeing similar gains

Now, at least 100 Klarna workers have collectively joined the millionaires’ club—and workers who invested early in Nvidia, Canva, and Palantir are seeing dizzying success, too.

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Klarna shares rise 15% in their first day of trading on Wall Street

Klarna shares rise 15% in their first day of trading on Wall Street

Klarna made a solid debut on the New York Stock Exchange, with shares of the Swedish buy now, pay later company rising nearly 15%, the latest in a run of high-profile initial public offerings (IPO) this year.

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

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.

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

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.

International Business Times UK

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

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.

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

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

More Klarna customers could struggle to repay loans

More Klarna customers could struggle to repay loans

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

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As Klarna flips from AI-first to hiring people again, a new landmark survey reveals most AI projects fail to deliver

Just 1 in 4 AI investments bring in the ROI they promise—but CEOs just can’t resist the technology.

Marc Andreessen predicts one of the few jobs that may survive the rise of AI automation

Marc Andreessen is predicting that at least one job is safe from the rise of AI: his own.

Klarna CEO defends DoorDash deal as internet mocks ‘Collateralized Doordash Obligations’

Sebastian Siemiatkowski said U.S. customers would discover the many ways to use Klarna, as DoorDash deal inspires "The Big Short" memes.

A workforce management giant will lay off 1,750 employees to make way for AI

Nearly 8.5% of staffers will be affected as Workday joins the ranks of Salesforce and Klarna in paving a new way of work.

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Klarna’s CEO warns AI will replace human workers—and his company is already living it

“I am of the opinion that AI can already do all of the jobs that we, as humans, do,” Sebastian Siemiatkowski said.

Klarna CEO says he feels 'gloomy' because AI is developing so quickly it'll soon be able to do his entire job

“My work to me is a super important part of who I am,” Sebastian Siemiatkowski said.

International Business Times UK

FinTech Company to Begin Drug Testing Swedish Employees In January Ahead of IPO Move

For Mikaela Mijatovic, Klarna's director of people and HR, the move was "part of a larger effort to strengthen security across Klarna."

The Conversation

AI won’t take your job – but that doesn’t mean you should ignore it

Two influential tech CEOs have sparked a debate about AI’s effect on jobs. Klarna CEO Sebastian Siemiatkowski announced the buy-now, pay-later firm stopped hiring a year ago, claiming that AI can do most of the jobs that humans do. And the chief executive of AI firm Nvidia, Jensen Huang, has…

International Business Times UK

'We Stopped Hiring!': FinTech CEO Reveals How AI Replaced Hundreds of Employees in a Year

Klarna has embraced AI, which has resulted in job cuts. Other tech giants, such as Google, IBM, and BT Group, have also adopted AI, reducing their workforces.

Windows Central

"Our chatbots perform the tasks of 700 people" with better customer ratings: AI takes center stage as a Swedish fintech shrinks its workforce by half

Klarna, a Swedish fintech company, plans to integrate AI into its workflow, allowing it to get things done faster and easier with fewer employees.

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.

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