An AI-induced recession on the horizon? Klarna's CEO thinks so

DeProgram with John Kiriakou and Ted Rall • June 05, 2025 • Solo Episode

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Sebastian Siemiatkowski joins the pod from the SXSW festival in London to tell the story of Klarna, the "buy now, pay later" fintech company he co-founded and currently leads. Press coverage suggests that he has gone all in on AI at the company; he claims his position is more nuanced. But what is clear, in his mind, is that an AI-induced recession may be unavoidable.


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