Curated Intel from the Talent Tech Industry
October 23-29, 2023:
• Angling for trouble: IBM study finds ChatGPT can phish almost as well as the bad guys;
• Making a bold move: TA software provider Radancy acquires hiring event solution Brazen;
• Removing barriers in hospitality hiring: Startup Slinger raises $600K to eliminate the CV;
• Joining the fun: Career and recruitment platform Workruit enters the U.S. job market;
• Making a mini bigger: AI engineering recruitment solution micro1 closes $3.3M in funding.
PLUS
Find business partners, get customer insights and snag a real competitive advantage at TAtech Europe & The World Job Board Forum. Don’t miss the premier B2B conference for job boards and talent tech companies in the EMEA region! Coming up in London on December 4-6, it is the only event that’s specifically designed for company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line growth of their enterprises. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!
ChatGPT Can Phish
Ah, the sweet irony of AI. On one hand, it's the darling of tech innovation, automating tasks, and making our lives easier. On the other hand, it's a Pandora's box of cybersecurity nightmares. IBM's recent research on ChatGPT's proficiency in crafting phishing emails is a wake-up call. It's like handing a Stradivarius to a scam artist and saying, "Play me the world's saddest song." Let's break down the numbers. IBM's X-Force team pitted human-written phishing emails against those penned by ChatGPT in an A/B test involving a global healthcare company's 1,600 employees. The human-crafted email tricked 14% of recipients into clicking a malicious link. ChatGPT? A close second at 11%. Here's the kicker: it took IBM's team 16 hours to craft their email, while ChatGPT churned out its version in just five minutes. Efficiency, thy name is AI.
Radancy Acquires Brazen, Adding Award-Winning Hiring Event Capabilities to the End-to-End Radancy Talent Acquisition Cloud
Radancy, the global leader in talent acquisition software, announced today that it has acquired Brazen, expanding the Radancy Talent Acquisition Cloud through advanced hiring event technology. Brazen adds a best-in-class solution for managing both virtual and in-person recruiting events, enhancing Radancy's SaaS platform focused on helping enterprises find the talent they need to strengthen their business. From Hi to Apply, the Radancy Talent Acquisition Cloud enables companies to optimally plan for, identify, attract and hire the diverse skills and talent required to thrive in today's economy. By adding Brazen's hiring event capabilities, Radancy will offer the only complete end-to-end platform for companies to deliver a holistic candidate experience across all channels. A recent study conducted by Forrester Consulting showed that the Radancy Talent Acquisition Cloud delivered a 459% ROI and <6-month payback, decreasing cost-to-hire by 30%, reducing time-to-hire by 25% and significantly increasing recruiter efficiency in finding qualified talent.
Black-Owned Startup Slinger Secures $600K To Make The CV Redundant
Black-owned tech startup Slinger has raised £500,000 ($600,000) in pre-seed funding to shake up the hospitality industry’s hiring process. Brexit and COVID-19 have left the UK’s hospitality industry struggling with staff vacancies – industry vacancies are still 72% higher than pre-pandemic levels. As a result, the industry is having to turn away £25 billion ($30.3 billion) worth of business in the UK. Slinger aims to change this. Founded by Theo-Lee Houston, Slinger aims to make hospitality hiring processes easier and fairer, connecting talent with businesses in a fresh way. The London-born founder quit his banker job to work in hospitality, where he has spent the last 10 years in both customer-facing and business roles.
Workruit forays into the international market, with expansion in US
Workruit, the renowned AI-powered career and recruitment platform with a worldwide presence, is thrilled to announce its expansion into the US market. This momentous step signifies a significant milestone in the company’s international journey. Workruit, already active in over 150+ countries, is now poised to make a bold move into the United States, recognizing the tremendous opportunities presented by the American job market. Recognizing the fragmented nature of the recruitment industry in the United States, Workruit has identified a substantial demand for its core products, particularly the ‘Resume Builder & Recruitment Platform.’ This demand is driven by the rapid pace of technological innovation and pricing structures that are approximately 10x higher than those observed in the Indian market. Leveraging this untapped growth opportunity, Workruit aims to scale its operations and make a lasting impact on the global job market.
micro1: AI Recruiting Company Raises $3.3 Million
micro1 – an innovative AI-driven platform transforming how top engineering talent is sourced and vetted globally – recently announced an oversubscribed $1.3 million investment. This funding round and the initial $2 million pre-seed investment have advanced the company’s valuation to an impressive $30 million. The funding round was led by Aryan Bhatnagar and Dream Ventures, with participation from prominent investors, including Jason Calacanis, Joshua Browder, Cory Levy, and others, who share micro1’s vision for the future of human-AI collaboration in software development. Micro1 founder Ali Ansari embarked on his entrepreneurial journey at the age of 12 and demonstrated a remarkable aptitude for business. Plus his tenacity led him to create various ventures, including cashbooksnow and peerlinc.com before founding micro1. And Ansari’s determination and entrepreneurial spirit have been the driving force behind the company’s rapid growth.
Snag a Real Competitive Advantage at TAtech Europe & The EMEA Job Board Forum
Find business partners, get customer insights and snag a real competitive advantage at TAtech Europe & The World Job Board Forum. Don’t miss the premier B2B conference for job boards and talent tech companies in the EMEA region! Coming up in London on December 4-6, it is the only event that’s specifically designed for company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line growth of their enterprises. Whether your company is a niche or general job board, aggregator, talent marketplace, online classifieds business, programmatic platform, chatbot, conversational AI solution, ATS, recruitment marketing solution, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your sales and your profits. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!