AI in Spotlight as Google and Microsoft Earnings Prove
The success of both Google and Microsoft reflects a broader trend across the tech industry, where AI is becoming a key catalyst for innovation and profitability.
H2 Ventures and KPMG published their Fintech 100 list announcing the world’s leading innovators in the industry.
The success of both Google and Microsoft reflects a broader trend across the tech industry, where AI is becoming a key catalyst for innovation and profitability.
Klarna has established itself as a major player in the European payments industry, with a valuation of $6.7 billion.
The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items.
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding.
Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY.
The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies.
Klarna seeks to leverage the power of AI for offering curated shopping experiences to customers while also introducing TikTok features and new tools for advertisers.
Klarna will leverage the best technology and data to help people discover new products.
Wahed has a plan to help its customers grow their funds in the most Sharia-compliant way.
With the conclusion of its latest funding, Toss plans to grow further its suite of services, including Toss Bank and Toss Securities.