Klarna Shares Drop on Rising Costs

Klarna reported a quarterly net loss as rapid expansion drove up operating costs, prompting a sharp decline in its share price.

The company posted a net loss of $26 million for the fourth quarter, compared to a profit in the same period a year earlier. Despite this, revenue surpassed $1 billion for the first time, reflecting strong growth in its services.

Higher processing and funding expenses contributed to weaker-than-expected results, while the outlook for 2026 fell short of investor expectations.

Klarna’s leadership noted that upfront investments tied to growth are expected to yield returns over time as operations mature.

The fintech firm has also increased its use of artificial intelligence to streamline processes, allowing workforce reductions while boosting average employee compensation.

iPhone Air Owner Reports C1X Modem Malfunction, Says Mobile Diagnostics Indicates Possible Hardware Fault

iPhone 18 Pro tasarımında iki büyük yenilik! - Hardware Plus - HWP

The iPhone Air was introduced last year by the Cupertino-based tech giant alongside the iPhone 17 lineup. Marketed as the thinnest iPhone ever, the device quickly gained attention for its ultra-slim design and premium hardware. It runs on Apple’s flagship A19 Pro chipset, the same processor found in the iPhone 17 Pro models, positioning it as a high-performance smartphone despite its sleek form factor.

One of the most notable upgrades in the iPhone Air was the debut of Apple’s proprietary C1X modem. According to the company, this next-generation network chip delivers faster speeds and improved power efficiency compared to the C1 modem used in the previous iPhone 16e. The integration of Apple’s in-house modem technology marked a significant shift away from third-party suppliers, highlighting the company’s push toward tighter hardware-software integration.

However, a recent post on the r/iPhone subreddit (via Wccftech) suggests that things may not be perfect. Reddit user u/itstheskylion reported that their iPhone Air suddenly showed “no cellular network”, claiming that the C1X modem had “died suddenly.” After running the built-in Mobile Diagnostics tool, the device reportedly detected a potential hardware issue, prompting the user to inspect the phone’s internal components. Notably, the device was running the latest iOS 26.3 update at the time of the incident.

The user further explained that the phone had been kept in a protective case since purchase and showed no physical damage. They were also using two eSIMs from different telecom providers, yet neither connection worked after the modem failure. Attempts at soft resetting and restarting the device did not resolve the issue. It remains unclear whether the affected unit is covered under AppleCare+ or Apple’s standard one-year warranty, leaving questions about whether the reported hardware malfunction will qualify for a free repair or replacement.

TCS Wins OpenAI Data Centre Deal

Tata Consultancy Services has secured OpenAI as the first client for its emerging data centre business, marking a significant step in India’s expanding AI infrastructure landscape.

The agreement includes an initial allocation of 100 megawatts of capacity under the global Stargate initiative, a long-term project aimed at building advanced facilities for AI training and deployment.

The deal supports TCS’s strategic plan to invest up to $7 billion in a large-scale data centre network within India.

At the same time, Tata Group plans to roll out ChatGPT Enterprise across its operations over the coming years, beginning with a substantial workforce deployment.

India continues to attract major investment in AI infrastructure, with both global and domestic firms expanding their presence in the sector.