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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'

#31

Post by iforgotpassword »

ablation wrote: post #20

Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…

Final problem being, as usual, if your product is already running and not a complete shit show, it will take some time to see how you messed up, maybe even when the ceo/decision maker already moved on to another company, so it's someone else's fault. Twitter fired how many engineers and still runs the same from an outside view...

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

#32

Post by rapsey »

ablation wrote: post #20

Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…

Sounds like 20 years ago when everyone was moving IT to India.

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

#34

Post by geysersam »

acyou wrote: post #21

Net income -2.5 billion kr (2023) Good thing they aren't growing, they appear to have scaled those negative margins, and it's time to dial it back. Will AI also be able to hyperscale a negative margin business?

It's the only kind of business AI has scaled so far

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

#36

Post by rapsey »

emseetech wrote: post #27
ablation wrote: post #20

Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…

I'm open to the idea they see something I don't. I'm not convinced, but I'm open to it.

[flagged]

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

#37

Post by iforgotpassword »

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?

Yeah, I don't see why anyone with a bit of technical knowledge would use that over PayPal. I mean I'm all for destroying those evil ultra capitalist US corps but unfortunately our European counterparts are just complete rubbish more often than not.

If you don't offer wire transfer or PayPal, you lost me as a customer.

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

#38

Post by jansan »

bags43 wrote: post #4

And this is additional reason why I would never use their services.

Of all the payment options Klarna always struck me as one of the less trustworthy ones.

IIRC they are one of those services who basically want access to my bank account, from where they could read my account balance. I think this is something even regulated by the EU, but why on earth should someone agree to that?

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

#40

Post by gyre007 »

ablation wrote: post #20

Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…

The most ironic thing is thar the middle managers are somehow surviving this. So far, anyway, but I think they’ll be found too sooner or latet
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