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Stephanie Turner
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a year ago
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BNPL service Klarna nears profitability ahead of possible IPO
- Klarna almost reached the breakeven level for 9M
- Klarna's loss for 9M. 2024 decreased to $180 th
- For the same period a year ago the loss was $161 mln
- The service's revenue grew by 23% to $1.9 bln
- Earlier, the Swedish service applied for an IPO
- It is not clear yet how many shares and at what price will be offered
- Analysts estimate BNPL service at $14.6 bln
- Net income for Q3 2024 was $19.7 million (+57%)
- This was the second consecutive profitable quarter for Klarna
- Klarna serves 85 mln customers worldwide
- 600,000 organizations are partners of the service
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Stephanie Turner
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Alphabet has become an investor in little-known rival SAP
- Odoo has received investment from Alphabet and Sequoia Capital
- Odoo startup's valuation after the round was €5 billion
- Belgian startup creates open source software
- It helps businesses plan their resources
- 80+ business applications are available on the Odoo platform
- Odoo is already profitable, with revenue growing at 50%/year
- Revenue for 2023 was €370m, for 2025 will be €650m
- The st
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Pavel Ryzhikh
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Google unveiled the Genie 2 AI model that can draw 3D worlds for games
Google DeepMind has unveiled Genie 2, an artificial intelligence model that creates 3D game worlds from a single image and text description.
The company claims that Genie 2 can create “a huge variety of rich 3D worlds.” In these worlds, users can interact with the environment, perform actions such as jumping and swimming using a mouse or keyboard. The model is also able to generate non-player cha
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