Klarna says it stopped hiring thanks to AI 😳🤖; Deutsche Bank's Layer 2 blockchain initiative signals a major transformation in traditional finance ⛓️🏦
FinTech is Eating the World, 18 December
Hey Everyone,
Good morning & happy Thursday! Today’s issue is exciting as we’re going to look at Klarna which says it stopped hiring thanks to AI (what’s the real story here & what can we learn from Klarna + bonus list of top AI companies & their pitch decks), and Deutsche Bank which is launching Layer 2 blockchain initiative (what it tells us, why it matters & what’s next + bonus reads into the latest crypto industry trends & numbers). Let’s just jump straight into the good stuff 🌶️
Klarna says it stopped hiring thanks to AI 😳🤖
The news 🗞️ In a series of recent statements that have garnered significant attention in the financial technology sector, Klarna CEO Sebastian Siemiatkowski has outlined an ambitious vision for AI-driven transformation at the Buy Now, Pay Later (BNPL) giant.
Yet, a closer analysis reveals a more nuanced reality of how artificial intelligence is reshaping one of Europe's most prominent FinTech companies.
Let’s take a look at this.