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AI Will Lead to a Recession, According to Klarna CEO - RetailWire

Summary by retailwire.com
A recession is looming, and AI will be the cause, according to Klarna CEO Sebastian Siemiatkowski. AI has been replacing many white-collar jobs across numerous companies, including Klarna. AI is being implemented at an incredible pace by both large and small companies. Yet, this adoption of technology means less reliance on humans to complete various tasks. While companies may benefit for a time, laid-off employees are left without a paycheck an…

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Sebastian Siemiatkowski, CEO of Swedish fintech startup Klarna, believes that the rapid development of artificial intelligence could lead to an economic downturn due to the fact that the technology is displacing office workers.

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thedigitalspeaker.com broke the news in on Monday, June 9, 2025.
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