Klarna says a glitch involving recycled phone numbers, exposed limited personal details for under a few thousand users and has now been resolved.NurPhoto via Getty ImagesKlarna is addressing online reports suggesting the company may have suffered a data breach. The claims varied widely, prompting the firm to issue a detailed explanation of what it says actually happened. According to Klarna, the incident was not a breach of its systems but a technical issue linked to recycled phone numbers that affected a v ...

wildpixel/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Nvidia earnings - strong results driven by data center growth, but shares slip as markets turn cautious (0:25). Bitcoin drops below $83K, crypto weakness spreads (1:10). Retail earnings: Home Depot vs. Lowe’s; Walmart vs. Target (1:50). Fintech & BNPL pressure (4:20). September jobs data: negative revisions revive recession worries; unemployment rises (5:45). Tariff rollbacks and mixed Fed signals swing December ...

Not that AI is overvalued, but that the entire system supporting AI valuations is built on borrowed money, borrowed time, and borrowers who are running out of both…Luis Flavio NunesWhen margin debt surges 45% while consumer sentiment plummets to near-record lows, history says a crash follows. Thursday, it started. Nvidia beat earnings by billions, but the market didn’t care, because investors grasped that the two pillars holding up the AI boom, Wall Street leverage and Main Street spending, are collapsing i ...

Buy now, pay later (BNPL) platform Klarna is expanding its partnership with gift card company Blackhawk Network (BHN).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The new collaboration, announced in a news relea ...

In an interview with BBC, Sundar Pichai spoke about the rapid development of technology and how AI is advancing so swiftly. Pichai said that over the next 12 months the tech will be able to perform “complex” tasks and act as an agent on a users’ behalf. “That’s where it gets really interesting,” he said.'What CEO does is one of easiest things'Talking about how far AI has come, Sundar Pichai said Artificial Intelligence may even be capable of replacing him at the helm of the $3.5 trillion tech behemoth. “I ...

Core Viewpoint - AI has the potential to replace jobs, including that of CEOs, according to Sundar Pichai, CEO of Alphabet Inc. and Google, who believes that the role of a CEO may be easier for AI to perform in the future [1][4] Group 1: Impact of AI on Jobs - Pichai acknowledges that while AI will eliminate some jobs, it will also evolve and transition others, necessitating that people adapt to these changes [2] - He emphasizes that new opportunities will arise from AI advancements, citing examples like content creation on platforms such as YouTube [2][3] - The need for adaptation is crucial, as individuals across various professions, including teachers and doctors, will benefit from learning to use AI tools [3] Group 2: Perspectives from Other CEOs - Other tech CEOs, such as Sam Altman of OpenAI and Sebastian Siemiatkowski of Klarna, share similar views, predicting that AI will eventually perform their jobs better than they can [4] - A survey indicated that 49% of 500 chief executives believe that most or all of their job functions should be automated by AI [4] - In contrast, Jensen Huang, CEO of Nvidia, argues that AI is far from being able to replace jobs on a large scale, stating that while AI can outperform in specific tasks, it cannot replicate the full scope of human work [5]

Group 1 - The core point of the article is the controversy surrounding the recruitment of a Chinese-English translation assistant by Pang Donglai Group, offering an annual salary of 500,000 yuan, which has sparked significant public interest [5] - The job requires candidates to have graduated from one of the top 50 universities according to QS rankings, with specific majors and qualifications [5] - Only eight universities in China meet the basic recruitment criteria set by Pang Donglai, highlighting the competitive nature of the position [5] Group 2 - Faraday Future's founder, Jia Yueting, announced the establishment of a second creditor trust to expedite debt repayment and facilitate his return to China [5] - DJI clarified that its recent internal event featuring the Avata 360 was not an investor meeting, countering media speculation [6] - OpenAI suspended a toy manufacturer's access due to safety concerns regarding an AI teddy bear, reflecting increasing scrutiny on AI products [6] Group 3 - Xiaomi's SU7 Ultra and YU7 vehicles now feature free activation for built-in ETC systems, enhancing their market appeal [8] - The release of the NEW CYBER seaside room speaker by the fashion tech brand Huan Zai aims to redefine the role of speakers in desktop ecosystems [9] - Russia's President Putin announced a visa-free policy for Chinese citizens, which is expected to significantly enhance economic and cultural exchanges between the two countries [10] Group 4 - Meta is set to comply with new Australian laws by shutting down accounts of users under 16 on its platforms [13] - The European Court upheld the classification of Amazon as a "very large online platform," requiring it to adhere to stricter regulations [13] - Adobe agreed to acquire marketing platform Semrush for $1.9 billion, expected to close in the first half of 2026 [14] Group 5 - Nvidia reported a 62% year-over-year increase in revenue for its third fiscal quarter, reaching $57.01 billion [20] - Klarna's third-quarter revenue exceeded expectations at $903 million, following its listing on the New York Stock Exchange [21] - Kuaishou's third-quarter revenue reached 35.6 billion yuan, with a 69.9% year-over-year increase in operating profit [19]

If you shop online, you may have noticed an option to split purchases into multiple payments using something called buy now, pay later (BNPL). BNPL services essentially provide short-term loans, allowing you to finance purchases in four or more interest-free installments — often without fees. As the holiday shopping season ramps up, BNPL services may seem like an attractive option to break up expenses into manageable payments and ease your holiday budget. In fact, half of consumers plan to use BNPL as a f ...

Is AI in a bubble? When will the bubble burst? Are there signs? Well, we don’t have a crystal ball, but there are signs. On the markets, several prominent investors have spoken. Peter Thiel, one of the best-known tech investors, has sold his entire position in Nvidia. SoftBank, a huge Japanese tech investor is unloading its shares, too. Meanwhile, Michael Burry, of Big Short fame, warns of an impending bubble burst. And the head of Swedish fintech Klarna, a man with major AI holdings, said that he’s thinki ...

Core Insights - Klarna Group PLC reported a narrower quarterly loss of 25 cents per share, outperforming the market estimate of a 33 cents loss [1] - The company achieved quarterly revenue of $903 million, exceeding the market estimate of $881.898 million [1] - For the fourth quarter, Klarna provided revenue guidance of $1.065 billion to $1.08 billion, surpassing the $1.058 billion estimate [2] Financial Performance - Klarna's third-quarter results marked the strongest quarter ever, with U.S. revenue increasing by 51% and Gross Merchandise Volume (GMV) rising by 43% [3] - The company anticipates an increase of over $100 million in transaction margin dollars in Q4 as revenue compounds [3] Market Reaction - Despite the positive earnings report, Klarna's shares fell nearly 10% following the announcement [2] - On the day after the earnings report, shares decreased by 3.2%, trading at $30.62 [3] Analyst Ratings - Morgan Stanley maintained an Equal-Weight rating on Klarna, lowering the price target from $43 to $39 [5] - JP Morgan kept an Overweight rating, reducing the price target from $50 to $45 [5] - Wolfe Research maintained an Outperform rating, also lowering the price target from $50 to $45 [5]