Klarna freezes hiring because AI can do the job instead | Mashable

December 5, 2023December 4, 2023 ~ knjohn ~ Leave a comment

Klarna CEO Sebastian Siemiatkowski is betting so big on AI that he’s instituted a hiring freeze.

“There will be a shrinking of the company,” said Siemiatkowski per The Telegraph. “We’re not currently hiring at all, apart from engineers.” Last May, 10 percent of the fintech company’s staff was laid off during a period of economic downturn for the tech industry.

This time, however, Klarna isn’t planning any layoffs. Instead, it is refraining from active recruitment with the expectation that AI can now handle many tasks that were previously performed by humans

This startup uses shoplifters to get their message through | CoolBusinessIdeas.com

November 22, 2018November 21, 2018 ~ knjohn ~ Leave a comment

This startup uses shoplifters to get their message through

By connecting digital billboards to store alarm systems, shoplifters got unexpected real life push notifications, reminding them not to forget to pay. Klarna, the Swedish payment provider behind the initiative found an unorthodox way to help people who often miss their payments.

Now You Can Buy Stuff Online Without Paying Up Front | WIRED

September 3, 2015 ~ knjohn ~ Leave a comment

IN RECENT WEEKS, the online retailer Overstock.com started testing a new checkout service from a Swedish company called Klarna. Through Klarna, people can purchase stuff from Overstock simply by typing their email address, their shipping address, and maybe their phone number—no credit card required. The idea is to streamline e-commerce as much as possible, and according to Overstock CEO Patrick Byrne, it works quite well. In testing Klarna’s service, Overstock saw a measurable uptick in sales on mobile devices.

“It saves you from having to key a lot of stuff into your phone,” he says. He estimates that the service will account for $100 million in sales next year for Overstock, a company that reported $1.5 billion in revenue in 2014.