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TechRadar
TechRadar
Wayne Williams

Europe's largest fintech firm froze recruitment because its AI assistant is so good — Klarna's AI bot does the work of 700 people and no, it's not connected to the layoff of 700 employees in 2022

Klarna AI.

While most people would prefer to chat with real employees when looking to solve a problem to do with a company’s products or services, chatbots are the first and often only port of call these days. They are getting ever smarter too thanks to modern AI - but this does come at a cost, however, as it means fewer human jobs in customer service.

For example, take Swedish fintech Klarna. A post on the company’s website announced proudly that its OpenAI-powered Klarna AI assistant had handled two-thirds of customer service chats in its first month. You’ll need some context for that – Klarna says that is 2.3 million conversations.

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