Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.
Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wall Street has lost more than three quarters of its market value since its September debut. On Tuesday, it announced a $1.7 billion significant […]<br /> This story continues at The Next Web [...]
Rating
Innovation
Pricing
Technology
Usability
We have discovered similar tools to what you are looking for. Check out our suggestions for similar AI tools.
Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
Capital One releases VulnHunter, an open-source AI tool that finds software flaws before hackers do
Capital One on Thursday released VulnHunter, an open-source, agentic AI security tool that scans source code for exploitable vulnerabilities, maps out how an attacker would reach them, and proposes ta [...]
Anthropic launches Claude Sonnet 5 at a steep discount to its top model as the company races toward a blockbuster IPO
Anthropic today released Claude Sonnet 5, a new AI model that the company says delivers near-flagship performance at mid-tier prices — a move designed to give cost-conscious enterprise developers ac [...]
Klarna launches US savings accounts at 3.28% as the buy-now-pay-later company tries to become a bank
Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are desig [...]
Satya Nadella warns that AI could hollow out entire industries, echoing the damage done by globalization
Microsoft CEO Satya Nadella published a sweeping essay on Sunday laying out what he describes as the defining economic challenge of the AI era: the risk that a handful of frontier models will absorb t [...]
SpaceX's Grok 4.5 launches at half the price of rivals — here's why that could rattle Anthropic and OpenAI
Elon Musk's SpaceX released Grok 4.5 on Wednesday, the first artificial intelligence model the company has trained specifically for coding and autonomous agents — and the first tangible product [...]
Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages
A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, ha [...]
Klarna applies for a US banking licence, its boldest American move yet
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarn [...]