Klarna replaces 700 human agents with ChatGPT as it prepares for $20 billion IPO in 2024 😳; Ether overtakes Bitcoin as top institutional crypto asset 📈

FinTech is Eating the World, 27 February

Hey Everyone,

Good morning! Due to a difficult schedule yesterday’s issue is coming out today but it’s absolutely worth the wait. We’re going to look at Klarna which replaced 700 human agents with ChatGPT as it prepares for a $20 billion IPO in 2024 (the time has come & how leveraging AI the BNPL giant has done one of the greatest comebacks in FinTech + more deep dives & reads on AI + Finance), Ether that overtook Bitcoin as a top institutional crypto asset (what’s happening & what this means + more reads inside). Let’s just jump straight into the awesome stuff 🌶

Klarna replaces 700 human agents with ChatGPT as it prepares for a $20 billion IPO in 2024 😳

The news 🗞️ Swedish FinTech giant and Buy Now, Pay Later (BNPL) pioneer Klarna is planning a potential $20 billion US initial public offering (IPO) as soon as the third quarter of 2024.

This comes after several turbulent years for the BNPL firm and could mark a turning point as it aims to move past conflicts among backers and a plunge in its valuation.

Let’s take a look at this and see how leveraging AI, Klarna is preparing for the biggest IPO of 2024.