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Klarna Bets Big on AI: Workforce Shrinks as Automation Expands

Klarna, the "buy now, pay later" fintech leader, has paused human hiring and shifted operations to artificial intelligence (AI), replacing roles previously filled by hundreds of employees. The company ceased hiring over a year ago, opting to expand AI deployment across its operations, according to CEO Sebastian Siemiatkowski. Over the...
Banking and FinanceSpecial Reports

Decarbonizing Heavy Industry: Unlocking $1 Trillion in Projects for a Greener Future

Global efforts to decarbonize heavy industries such as steel, cement, and chemicals are gaining momentum, with approximately $1 trillion worth of projects currently under development. These industries collectively account for over 30% of global greenhouse gas emissions, emphasizing the urgency of addressing their environmental impact. The challenge lies in securing...
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