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Klarna CEO warns AI may cause a recession as the technology comes for white-collar jobs | Another ominious AI warning from an AI-loving CEO
Siemiatkowski spoke about the impact of generative AI while appearing on The Times Tech podcast. "Many people in the tech industry, especially CEOs, tend to downplay the...
Sebastian Siemiatkowski, CEO of buy now, pay later giant Klarna, said that the sheer volume of these workers being replaced will lead to a recession. It began when Siemiatkowski reached out to OpenAI boss Sam Altman in 2023, telling him "I want Klarna to be your favorite guinea pig." In February 2024, Siemiatkowski said that AI chatbots were handling two-thirds of customer service conversations within the first month of their deployment and performing the equivalent work of 700 employees.
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