The CEO sees the AI boom spelling the end to what he calls 'excess profits' in both the banking and software industries, as incumbents are overtaken by faster-moving challengers. — Pixabay
From technology firms to translators, the world has not faced up to the consequences of artificial intelligence wiping out swathes of jobs, according to one of AI’s biggest cheerleaders in finance.
"I feel a lot of my tech bros are being slightly, you know, not to the point on this topic. I think there is a massive shift coming to knowledge work. And it’s not just in banking, it’s in society at large,” Klarna Group Plc chief executive officer Sebastian Siemiatkowski said in an interview with Bloomberg Television.
