Klarna

Klarna’s revenue per employee soars to nearly $1M thanks to AI efficiency push

AI /

Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the […]

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Klarna and StubHub delay IPOs because of Trump tariff turmoil

Venture /

The tentative re-opening of the IPO window is already swinging towards being closed again. With the public stock markets in a freefall after President Trump announced sweeping tariffs, two of the tech industry’s highly anticipated IPOs are hitting pause, The Wall Street Journal reports: Klarna and StubHub. Both fintech Klarna and ticket marketplace StubHub released

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Klarna nabs Walmart away from Affirm and boosts its IPO prospects

Fintech /

On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart. The partnership with Walmart is one that rival Affirm had previously owned. Klarna will provide the loans to Walmart customers through OnePay, a fintech startup in which it owns

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Klarna CEO doubts that other companies will replace Salesforce with AI

Enterprise /

The founder and CEO of IPO-bound fintech Klarna took to X to once again explain why his company ditched Salesforce’s flagship CRM product about a year ago in favor of its own homegrown AI system.  But this time, Sebastian Siemiatkowski emphasized that he doesn’t think others will — or should — follow his lead. “I

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Sequoia’s Matt Miller is exiting the firm after making headlines earlier this year

Venture /

The writing was on the wall, seemingly.  Sequoia Capital partner Matt Miller announced on Wednesday that he’s leaving the powerhouse outfit after a 12-year career to build his own new firm focused on European founders. He added he will remain a venture partner with Sequoia and maintain his board seats while fleshing out the “specifics

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Klarna’s CEO says it stopped hiring thanks to AI but still advertises many open positions

AI /

Klarna CEO Sebastian Siemiatkowski recently told Bloomberg TV that his company essentially stopped hiring a year ago and credited generative AI for enabling this massive workforce reduction. However, despite Siemiatkowski’s bullishness on AI, the company is not relying entirely on AI to replace human workers who leave, as open job listings — for more humans

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Ben Horowitz’s tight ties with the Las Vegas Police Department — and why it matters

Fintech /

Over the last few years, Andreessen Horowitz co-founder and famed VC Ben Horowitz has donated at least $7.6 million to fund purchases by Las Vegas Metropolitan Police Department, including new drones from a16z-backed Skydio. Skydio is not the first of a16z’s portfolio companies to benefit from these donations, either. Today, on TechCrunch’s Equity podcast, hosts

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