I'm just... Incredibly suspicious of this. I've just this week received an email from Klarna that "effective October 10th, 2024, JPMorgan Chase will no longer allow customers to make Klarna payments using their JPMorgan Chase credit cards."
Surely this can't be a coincidence. Two points I think: one, it just doesn't pass the smell test that you can cut half your staff and magically become more efficient (yes, Twitter, but they're not doing so hot from a valuation perspective)... Especially in FinTech?? And two, it really seems like they're using "AI" hype to obfuscate this fact from folks that don't really understand it's practical implications, in the face of a spiralling business.
Surely this can't be a coincidence. Two points I think: one, it just doesn't pass the smell test that you can cut half your staff and magically become more efficient (yes, Twitter, but they're not doing so hot from a valuation perspective)... Especially in FinTech?? And two, it really seems like they're using "AI" hype to obfuscate this fact from folks that don't really understand it's practical implications, in the face of a spiralling business.