Anyone sharing this @Techcrunch article about how #Klarna's gross revenue per employee is up that somehow fails to mention the company's losses have doubled to $99 million per quarter because the entire company is just a giant pile of subprime predatory loans with no collateral that people aren't paying back is officially in the tank for the #AI industry.
"gross revenue per employee" is not a real metric. this article is clearly PR being put out by the company to drown out the bad news about their "earnings".
After firing 700 employees for AI, Swedish company admits their mistake and plans to rehire humans. What went wrong with OpenAI + Klarna parnership? Despite initial optimism, the company has now acknowledged that the shift to AI has negatively impacted service quality and faced major public backlash for using AI https://finance.yahoo.com/news/firing-700-humans-ai-klarna-173029838.html The CEO want human workers back and looking for humans to replace those AI tools powered by shity OpenAI.
@nixCraft this is so predictable. As many warned, its similar to the luddite moment but much worse:
Step 1 : Get AI to "replace" humans and fire all staff
Step 2 : rehire those humans to redo AI outputs (in effect the same end product), but on lower wages because "ure only 'correcting' AI mistakes"
Step 3 : More extraction from labour, higher profits
AI is just a tool being used to steal more wages from real working people.
Looking for PayPal alternative in Germany - Bunq, Klarna, Revolut or N26?
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