For recruiters, the manual triage of CVs is the hardest part of a recruitment process, as usually there are numerous candidates for a single vacancy. But this can be about to change with the help of AI-enabled services.
One of them is Hello, introduced by Breezy HR. It is a new and innovative messenger based on AI, which
promises to transform how brands and companies engage with the potential candidates for their job openings. The tool will automatically engage with the visitor, starting a conversation and collecting contact details – all important information that is needed to proceed with a potential hiring.
Earlier this past week marked the debut of an upstart fund called the AI Powered Equity ETF, an actively managed security that seeks to use artificial intelligence to beat the market. So far, it’s done a pretty good job.
AIEQ was up about 0.6 percent heading into Friday, then added some early gains to push its return above 1 percent
for the week. That beats its benchmark, the S&P 500, which was about flat for the period. The fund was outperforming the index in morning trade. Whether it’s the harbinger of an army of robot-powered funds will be worth watching.
If it works over the first quarter and draws some assets, you’re going to see 20 competitors inside of six months,” said Nick Colas, head of DataTrek Research, which distributes a newsletter that follows market trends.
Against this backdrop, Google has launched a new video dataset it hopes will be used to “accelerate research” into computer vision applications that involve recognizing actions within videos. AVA, an acronym for “atomic visual actions,” is a dataset made up of multiple labels for people doing things in video sequences. By allowing anyone to access the dataset, Google is hoping to improve machines’ “social visual intelligence” so they can understand what humans are doing and anticipate what they may do next.
Typical AI specialists, including both PhDs fresh out of school and people with less education and just a few years of experience, can be paid from $300,000 to $500,000 a year or more in salary and company stock, according to nine people who work for major tech companies or have entertained job offers from them. All of them requested anonymity because they did not want to damage their professional prospects. For more, check out Cade Metz‘ article in the New York Times.
In order to keep pace, smaller companies are looking for talent in unusual places. Some are hiring physicists and astronomers who have the necessary math skills. Other start-ups from the United States are looking for workers in Asia, Eastern Europe and other locations where wages are lower. “I can’t compete with Google, and I don’t want to,” said Chris Nicholson, the chief executive and a co-founder of Skymind, a start-up in San Francisco that has hired engineers in eight countries. “So I offer very attractive salaries in countries that undervalue engineering talent.”
The UAE on Thursday appointed Omar Bin Sultan Al Olama as the country’s first Minister of State for Artificial Intelligence as part of a cabinet reshuffle. Aged just 27, his appointment is part of the UAE’s ambition to be at the forefront of the global technological revolution which sees it planning to build homes on the planet Mars by 2117.
The position was announced in a tweet by Sheikh Mohammed bin Rashid Al Maktoum, UAE Prime Minister and Vice President and ruler of Dubai who said: “The new Government is a Government for the new Emirati percentage. To develop knowledge. Supporting science and research.” The move comes just days after Sheikh Mohammed announced the UAE Strategy for Artificial Intelligence (AI), a major part of the UAE Centennial 2070 objectives.
Northwestern economist Benjamin Jones and his colleagues are now asking what happens to economic growth if artificial intelligence starts generating original thought. They are among the researchers looking at how much more human work AI can automate, including the generation of new ideas.
“If machine learning can really take over all human tasks and take over ideas of innovation, then it would be possible to get a radical change in the growth rate” of the economy, Jones told CNBC in an interview. “But the real question is going to be: can AI take over all of the essential tasks?” Jones, along with Chad Jones of Stanford University and Philippe Aghion of the College de France wrote about their research in a paper entitled “Artificial Intelligence and Economic Growth” for the National Bureau of Economic Research earlier
In this study, researchers develop an automated system that evaluates speech and language features from audio recordings of neuropsychological examinations of 92 subjects in the Framingham Heart Study. A total of 265 features were used in an elastic-net regularized binomial logistic regression model to classify the presence of cognitive impairment and to select the most predictive features.
They compared performance with a demographic model from 6,258 subjects in the greater study cohort (0.79
AUC), and found that a system that incorporated both audio and text features performed the best (0.92 AUC), with a True Positive Rate of 29% (at 0% False Positive Rate) and a good model fit (Hosmer-Lemeshow test > 0.05). They also found that decreasing pitch and jitter, shorter segments of speech, and responses phrased as questions were positively associated with cognitive impairment.