Sweden

Swedish "buy now, pay later" company Klarna plans to cut its workforce by nearly half and replace it with artificial intelligence in preparation for its IPO. Klarna Chief Executive Officer Sebastian Siemiatkowski hailed the benefits of AI in Klarna's second-quarter results released Tuesday, which saw the company's net loss shrink to 10 million Swedish kronor from 854 million kronor a year ago. The Swedish fintech company has reduced its workforce from 5,000 to 3,800 over the past year.S...