Nearly half of the employees currently working at “buy now, pay later” startup Klarna could be replaced by AI in the next few years. Klarna CEO Sebastian Siemiatkowski told The Financial Times last week that the company aims to almost halve its workforce within the next few years, from 3,800 people to 2,000. Instead of
Category: Business
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Young People Earning More Than $200,000 a Year Are Fleeing 1 U.S. State — and Flocking to 2 Others
Americans aged 25 to 34 earn an average annual salary of $56,160, according to data compiled by MarketWatch Guides. However, some young U.S. workers are making that figure several times over — and relocating to places where their money will go further. Financial technology company SmartAsset pulled IRS data to rank states by the net
Canva Says Massive Subscription Price Increase Is Due to New AI Features
Is AI worth paying four times as much for a Canva subscription? Design software service Canva is increasing membership prices for users globally, with some U.S. users reporting on X that the cost of five-person team subscriptions has gone up from $120 per year to $500 per year. Canva reportedly told users in an email
Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC
Polygon, a layer-2 network atop the Ethereum blockchain, will activate an upgrade on Wednesday that swaps out its longstanding MATIC token for a new POL token, allowing for more flexibility on issuance of new supply. While the planned switchover has been well-telegraphed, the changeover could be closely monitored, since the token is widely held across
Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist
Donald Trump and his sons have for weeks teased an upcoming cryptocurrency project, but they’ve been light on details in public. Privately, though, the former U.S. president’s inner circle has been quietly shopping around a white paper for World Liberty Financial – and CoinDesk has obtained excerpts. 01:50 Crypto Market Leaders and Laggards in 2023
DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported. The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds
How Decentralized AI and Zero-Knowledge Proofs Will Democratize Compute
In late July, Mark Zuckerberg penned a letter explaining why “open source is necessary for a positive AI future,” where he waxes poetic about the need for open-source AI development. The once-nerdy teen founder, now turned into the wakeboarding, gold chain-wearing, and jiu-jitsu fighting “Zuck,” has been branded as the messiah of open-source model development.
Playable ads and longer campaigns gain traction in mobile gaming
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Apple, Netflix, Google, Ford, and Nike are attending MarTech for free. Are you?
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