Since stocks sold off on Aug. 5, the S&P 500 is up about 7% while it's over 8% for the NasdaqKlarna is branching out the AI-powered global payments network to add new retail banking services. Klarna CEO Sebastian Siemiatkowski joins Asking for a Trend to discuss the move and his vision for the future of the company.
And then banks stopped doing that because people weren't big building as big balances and weren't evolving as much. Um and, and Sebastian as you do get into more of these products that are bank, more traditional bank like products. We said at some point in time, you'll have this digital financial system that will kind of analyze all your spending habits and say things like, hey, I looked into this and I realized that you know, I can renegotiate your mortgage for you and save you $100 a month and I'll do all the paperwork, you just have to say yes.And when you realize that's where we're heading and with chat TP and everything going on, you realize that's going to come further than sooner.
Uh So I'm very, I'm very optimistic about it, but it will take a few more years to fully accomplish it. It's you, you, you've come to expect it for me, especially since um today, there was a report on Bloomberg that you guys were close to um hiring Goldman to help lead your US IP O any kind of update you wanna give us on what we can expect?What do you think I love to share with you more when I know when I know more and more is to be confirmed.