Affirm CEO Says AI Underwriting Rollout Did Not Require Staff Cuts

Affirm CEO Max Levchin discussed the company’s rollout of a new AI underwriting system on CNBC’s Closing Bell Overtime. The system is being introduced as part of Affirm’s lending operations.

2026-09-22

• Monitor Affirm’s rollout of AI underwriting as the company applies the technology to lending decisions.
• Assess AI implementation costs alongside workforce requirements when evaluating fintech automation.
• Follow Max Levchin’s comments on the technology’s potential and operational impact.

Affirm Rolls Out New AI Underwriting System

Levchin Expresses Optimism About Artificial Intelligence

Levchin said he remains optimistic about artificial intelligence and discussed the technology’s implementation at Affirm. His comments focused on the company’s approach to deploying AI.

Affirm Says Rollout Did Not Require Staff Cuts

Levchin said Affirm has not had to cut staff to buy more AI tokens while implementing the new system. He addressed staffing and technology costs as part of the company’s AI rollout.