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Tag: Tech News

AI in Klarna

How AI Is Shaping Klarna’s Future: Workforce Reductions and Increased Pay

Klarna, the buy now, pay later company, plans to significantly reduce its workforce through efficiencies gained from artificial intelligence (AI). After cutting its staff from 5,000 to 3,800 over the past year, Klarna aims to reduce its staff further 2,000 by leveraging AI in marketing and customer service. CEO Sebastian Siemiatkowski highlighted that these job…

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Microsoft Inflection AI merger

Microsoft Inflection AI merger

Microsoft is being scrutinized by the UK's Competition and Markets Authority (CMA) over whether its hiring of key employees from AI start-up Inflection AI effectively constitutes a merger. Key staff, including co-founder Mustafa Suleyman and chief scientist Karén Simonyan, left Inflection AI in March to join Microsoft's new AI division. The CMA's investigation will determine…

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