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Klarna boss: AI will lead to recession and mass job losses
Klarna boss Sebastian Siemiatkowski has warned that AI's potential to replace work done by office staff could push economies into recessions.
But fintech boss Sebastian Siemiatkowski, who runs the Stockholm-based ‘buy now, pay later’ business Klarna, has warned that its potential to replace work done by office staff could push economies into a recession in the coming years. Siemiatkowski suggested that tech bosses had tended to dismiss the impacts AI could have on headcounts at firms, with Klarna cutting staff numbers from 5,500 to 3,000 in recent years. Siemiatkowski’s comments echo those made by the chief executive of Anthropic, Dario Amodei, who said half of all entry level professional jobs could be eliminated in the next five years.
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