AI-related layoffs could threaten prime borrowers, Klarna CEO warns

The company has 114 million active consumers, with 27 million new active users in the prior three months. However, while Klarna is attracting more customers, the company’s average revenue per user fell about 10%. Klarna’s actual loan losses improved slightly year over year, underscoring that consumers are still paying on time. Sales of Klarna’s new …

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AI-related stocks drove virtually all of the S&P 500 returns in 2023 – is AI hype just a bubble?

by Ok_Significance_4008 I remember this set up back in 1999 during the last stages of the dot.com bubble. The sequence of money flow went from hardware companies, to retail killers (remember Pets.com), to closed pay to play networks (remember AOL.com), niche specific products, and finally the everything dot.com panacea for all your online sales pitches. …

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