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As more customers default on BNPL loans, Klarna’s CEO predicts AI will cause a recession

Klarna’s CEO has predicted that a recession could be around the corner as companies across the globe—including his own—reduce the headcount of well-paid, white collar jobs and replace them with AI.  Sebastian Siemiatkowski, the boss of the Swedish Buy Now, Pay Later group is once again sounding a pessimistic tone on AI’s impact on the workforce. But as he embraces the potential positive effects of AI on his own bottom line, he may have to contest with the negative fallout of a company...