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Mike Jortberg's avatar

I’ve also heard that Klarna CEO Sebastian Siemiatkowski is friends with OpenAI CEO Sam Altman. OpenAI board member is Bret Taylor who is starting Sierra.AI to compete with his old boss Marc B at Salesforce. Another motivation?

https://fortune.com/2024/02/13/klarna-ceo-sebastian-siemiatkowski-embracing-ai-ipo/

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Simon Gillett's avatar

Wild that Klarna uses Deel for PEO. How does a company that processes billions in currencies not have its own payroll ?

Otherwise I like your points about AI and its potential effects on SaaS. It’s all about the data. In my view if you store your data in the cloud then that cloud will enable you to build your own functional, eg finance, marketing, sales, etc. tools.

And all AI runs in the cloud anyway..

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The CS Café Newsletter's avatar

Great points! Also think of data privacy and security regulations in your build vs. buy decision. Sure, custom solutions might offer more control. But it comes at the cost also of massive compliance responsibilities, that can turn into a headache, fast!

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OnlyCFO's avatar

for sure. a company presumably going public soon building a lot of SaaS in-house would be a nightmare for compliance

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