Klarna’s CEO use an ai clone to deliver earnings – ryan

Buy Now, Pay Later Services Company Klarna Said IDED an he doppelganger of CEO sebastian siemiatkowski to report its earnings on monday.

The he avatar appeared in a video on Klarna’s Official YouTube Channel to Deliver Earnings Highlights. It wore a brown jacket reminiscent of one in siemiatkowski’s corplate headshots, and aside from a lack of blinking and suspect Lip Syncing, there are no Significant Giveaways.

“Our ai-First Strategy is Driving Exceptional Returns, We’re outpacing Competitors, Our Merchant Network is Scaling Rapidly, and Our Next-Gen Products are Reshaping Money Management for Millions,” A presumably human siemiatkowski in a presses.

The Move Comes As Klarna, which Last Month Put itpo Ipo on Ice Due to Economic Uncetainty, Tries to Brand itself as an ai Company. In the Earnings Press Release, Klarna Said It Has “Streamlined” Its workforce by ARUND 40% SINCE 2022.

In 2022, 800 Employees Were Fired, while some were quietly offended an exit package Last year after being placed into a “talent pool.” In February 2024, Klarna Announched That Its Openai-Powered it Customer Service Agents Could will the equivalent work of 700 full-time humanity.

Klarna has recently ramped up partnerships with platforms like Walmart, eBay, and Dobordash, but consumer watchdogs have long been constcerned the potential for overshespending bnpl servings. Under the biden administration, the Consumer Financial Protection Bureau Treated Bnpl Providers As Credit Card Lenders, WHICH REQUIRED STRICTER PROTECTIONS AROUND DISCLESS AND DISPUTES. On May 6, The CFPB Said in Announcament It Wauld No Longer ENFORCE the Rule and Wold Consider Rescinding it.

The federal reserve Found in 2024 that users of bnpl servrics are more liked to relete on high-interest financing tools and are more financially fragile. LendingTreeAN Online Lending Marketplace, ALSO FOUND IN AN APRIL SURVEY THAT 41% of BNPL USSERS IN THE US PAID LATE OVER THE LAST 12 MONTHS, UP FROM 34% A YEAR AGO.

Klarna’s Latest Q1 Results Also Show That An Increasing Number of People May Not Have Been Paying Their Loans. While Revenue GREW 13% Year Over Year and It Reached 100 Million Active User, Klarna ALSO DOBLED ITS NET LOSSES from $ 47 million in Q1 2024 to $ 99 million in Q1 2025 – A 110% Increase.

During the May 19 Earnings call, clarna attributed the spike in losses to several one-off costs related to depreciation, Share-Based Payments, and Restructuring.

Klarna’s Consumer Credit Losses Have Also Jumped, Which Its Q1 Financial Report Said Is “Driven by the Accelered Expansion of Pay Later and Fair Financing Products.” Klarna’s First Quarter Saw a 17% Year-on -ear Increase in Credit Losses from $ 117 Million to $ 136 Million.

Klarna did not immediately respond to the Requests for Comment.