Klarna’s plan to swap workers with AI

Make Me Smart

The CEO of Klarna, the by now, pay later service, said the company plans to cut its workforce dramatically by opting not to replace workers when they quit and instead use artificial intelligence to fill in the gaps. We’ll get into it. And, Nvidia’s earnings that beat analysts’ expectations didn’t impress everybody. Plus, we’ll unpack the Justice Department’s new lawsuit against a rent-setting software company, and celebrate a win for the American wheelchair rugby team.

Here’s everything we talked about today:

• “Klarna: AI lets us cut thousands of jobs – but pay more” from BBC News
• “Nvidia reports 122% revenue growth on surging demand for data center chips” from CNBC
• “How one company transformed the apartment rental market” from Axios
• “Chuck Aoki dominates, Sarah Adam makes history as USA Wheelchair Rugby holds off Canada | NBC Sports” from NBC Sports
• “Paralympic wheelchair rugby or ‘murderball’ isn’t for the faint of heart” from The Washington Post

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.