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Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

businessinsider.com

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Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#191

Post by c22 »

paradite wrote: post #180
c22 wrote: post #173

Earlier quoted context omitted.

Can you provide an example of a company I would have heard of that is in the tech industry, just so I can get a better understanding of what y'all are talking about? Is Oracle in the tech industry? Also on the blog post you linked you seem to imply that you do consider Google to be a tech industry company, so I am very confused. > In tech industry, software is the main product of the company. It can be sold to a cust…

It depends on what you consider as core product for Google. For some people (consumer), it would be Google Search, it is a piece of software, so in that sense Google is a tech company because its main product is Google Search. However, for marketers, who use Google Ads, to them they deal with the ads division in Google, and that division's main product is the ads service. So in that indivision, the main product is ad…

Thanks for expounding on your views.

Personally I think Oracle is in the licensing business, but perhaps they also have a "tech industry division," as you say.

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#193

Post by myaccountonhn »

jamil7 wrote: post #15

Was it ever a good place to work? When they opened their Berlin office the word was the mobile team was a revolving door of contractors doing append-only development on a monolithic RN app. It already seemed dysfunctional then.

The joke in the Swedish tech scene was that you work there until you graduate to Spotify.

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#194

Post by bgnn »

hex3 wrote: post #185
PittleyDunkin wrote: post #184

Earlier quoted context omitted.

In the absence of positive data with decent sample size it's rational to substitute anecdotal data. And we all know using a chatbot with no brain sucks ass

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That too would make people unhappy

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#196

Post by coastermug »

Klarna use a huge dark pattern on their payment processing (irrelevant of bnpl), whereby they store your details for future use by default, even without an account. Last time I checked you only needed a couple of pieces of easily identifiable information to be granted access to “your” autofill. - I know all the H&M group shops use it as their payment processor in the UK.

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#197

Post by bluefirebrand »

mike_hearn wrote: post #181
c22 wrote: post #171

Earlier quoted context omitted.

It's okay for unprofitable companies to fail. Desirable, in fact.

No, it's desirable for them to become profitable and successful again, especially if the only reason they're unprofitable is people abusing the rules to extract capital from them unsustainably.

> especially if the only reason they're unprofitable is people abusing the rules to extract capital from them unsustainably

Employees don't extract capital from companies, especially unsustainably.

Executives and Boards of Directors do though

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#198

Post by DiggyJohnson »

jsbisviewtiful wrote: post #140
spamizbad wrote: post #44

They stopped hiring because after raising over a billion dollars their value dropped 80%, they can't raise any more money, and after operating for 19 years they finally had a profitable quarter in Q2 2024. They are in "burn the furniture to heat the cabin" mode.

Came here to leave a snarky "guess I won't use Klarna then", but happy to see your comment. This info fills me with great joy.

You shouldn’t find joy in the failure of others that you don’t have a relationship with. Why does this news fill you with joy?

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#199

Post by the_real_cher »

DiggyJohnson wrote: post #198
jsbisviewtiful wrote: post #140

Earlier quoted context omitted.

Came here to leave a snarky "guess I won't use Klarna then", but happy to see your comment. This info fills me with great joy.

You shouldn’t find joy in the failure of others that you don’t have a relationship with. Why does this news fill you with joy?

It fills me with joy to see that the tech industry isn't vanishing as quick as the company makes it out to be.

they're actually just covering for a funding problem.

Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'

#200

Post by aja12 »

ManuelKiessling wrote: post #153
hyperman1 wrote: post #29

First time I tried Klarna, their 'payment' workflow was actually a 'grant full access to all bank accounts' workflow in disguise. I was thinking this amount of misleading must be illegal. Further interactions with them always felt sleazy. Maybe they know the regulators will dismantle the company in the near future and are optimizing for extracting the maximum before their implosion?

FWIW, after I gave Klarna a sneak peek into my banking account several years ago, I did a GDPR/DSGVO information request a few days later, and according to that, they did not store the transactions they had access to. Not sure if the information was truthful, of course.

[dead]
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