AI’s advancement sparks concerns over job security, with Klarna CEO Sebastian Siemiatkowski predicting AI can take over even his role. Surveys show nearly half of CEOs believe AI could automate or replace their jobs. Klarna halted hiring over a year ago to replace workers with AI, reducing headcount by 22%.

Siemiatkowski is confident AI can make executive decisions, with Honu CEO Imad Riachi agreeing AI’s reasoning surpasses human capabilities. Some employees at Klarna embrace AI to boost pay. However, not all AI leaders, like Genies CEO Akash Nigam, believe AI can fully replicate emotional intelligence and adaptability needed in CEO roles. 1. President Biden signs $1.9 trillion COVID-19 relief bill into law, includes $1,400 stimulus checks for millions of Americans, extended unemployment benefits, and funding for vaccine distribution. Bill also includes aid for schools, small businesses, and state and local governments.

2. Johnson & Johnson’s single-dose COVID-19 vaccine receives emergency use authorization from FDA, becoming third vaccine authorized for use in the United States. Vaccine shown to be 85% effective in preventing severe illness and 100% effective in preventing hospitalization and death.

3. Texas lifts statewide mask mandate and allows businesses to operate at 100% capacity, despite concerns from health officials about potential spread of COVID-19. Governor Abbott defends decision, citing declining cases and increasing vaccinations as reasons for reopening.

4. SpaceX successfully launches 60 Starlink satellites into orbit, expanding its satellite internet constellation to provide global broadband coverage. Company aims to provide high-speed internet access to underserved and remote areas around the world, with plans for further satellite launches in the future.

Read more at Yahoo Finance: Klarna CEO says he feels ‘gloomy’ because AI is developing so quickly it’ll soon be able to do his entire job