Curated Intel from the Talent Tech Industry
December 11-16, 2023:
• Leveling the playing field for SMBs: iHIre expands outsourced recruitment services & solutions;
• Making it a two-horse race: OpenAI competitor Mistral AI nabs $487M, hitting $2B valuation;
• Aging well gracefully - Not: EEOC inks $90K age discrimination settlement with medical sales co;
• Knowing for sure is always the best approach: HireRight launches global digital identity solution;
• Using AI in your shoes and hats: Aizip intros mini AI systems to accessorize everything you own.
PLUS
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iHire Expands Outsourced Recruitment Services & Solutions
iHire has expanded its outsourced recruitment services and solutions, providing full-cycle hiring support to help businesses find qualified talent efficiently and effectively. Tailored to each clients’ needs, iHire’s Recruitment Services can handle all aspects of the recruiting process, including optimizing job ads, screening candidates, conducting interviews, managing offers, facilitating onboarding, and more. Led by iHire’s team of HR experts with a combined 70 years of experience, iHire’s Recruitment Services are ideal for small and mid-sized organizations looking to save time and find top candidates to help their businesses grow. For example, by partnering with iHire, Georgetown Hill Early School hired 17 qualified candidates and saved over 500 recruiting hours, and others have successfully hired for hard-to-fill, highly specialized positions.
OpenAI Competitor Mistral AI Nabs $487M Round, Hitting $2B Valuation
AI startups apparently are going to end the year the same way they began it — raising huge amounts of cash. Paris-based Mistral AI, an OpenAI and Anthropic competitor, is putting the final touches on a massive round of approximately $487 million that would value the company at $2 billion, per a Bloomberg report. The round was first reported in October, with the round being around $300 million. Per the new report, the round will include approximately $350 million in equity from investors led by Andreessen Horowitz — which is expected to invest more than $200 million. Other investors in the round include General Catalyst, Lightspeed Venture Partners and Bpifrance. In addition, both Nvidia and Salesforce agreed to contribute about $130 million in convertible debt to the deal. The raise comes just about six months after the startup — which is developing an open-source large language model — raised a seed round worth approximately $111 million led by Lightspeed Venture Partners.
EEOC inks $90K age discrimination settlement for 49-year-old rejected for sales job
A Wisconsin molecular diagnostics company has agreed to pay $90,000 to settle a U.S. Equal Employment Opportunity Commission lawsuit alleging that it discriminated against a 49-year-old job applicant on the basis of age, EEOC announced Thursday. EEOC filed the suit in late March, alleging that Exact Sciences turned down the applicant for a medical sales representative opening because the company sought “more junior” job applicants. The agency further alleged that a recruiting consultant for Exact Sciences wrote in notes that the applicant was overqualified. The company later hired a 41-year-old candidate with fewer years of experience than the plaintiff.
HireRight Launches New Global Digital Identity Solution
HireRight Holdings Corporation (NYSE: HRT), a leading provider of global background screening services and workforce solutions, today announced the launch of its new global identity verification solution, Global ID. With identity theft and fraud on the rise—and many employees being onboarded and working remotely—it is arguably more important than ever to verify candidates’ identities. HireRight’s new digital Global ID service makes it simple and easy for HireRight customers and their candidates worldwide to verify the authenticity of their candidates’ identity documents. HireRight’s Global ID service includes the ability to verify a candidate’s identity in addition to their identity document through Global ID’s optional digital Liveness and Biometric Face Match feature. This allows the identity verification process to be conducted entirely remotely by the candidate, without them needing to present their ID in person to their prospective employer.
AI in your shoes? This company aims to accessorize everything you own with artificial intelligence
Artificial intelligence will soon be incorporated into a variety of everyday items, ranging from sneakers to microwaves now that microchips smaller than a dime can hold machine learning programs. "In the future, your shoes will understand that you have gained five pounds during the Christmas season, and they will adjust the cushion accordingly. The safety helmets of the workers, they will understand when they are tired, and they will remind the workers to take a break," Yubei Chen, co-founder of artificial intelligence company Aizip, told Fox News. "Your microwaves, we can put AI into it so that you can interact with your natural language." Aizip recently developed a process to create small, specialized AI systems that could be used in products like household appliances, clothing and manufacturing equipment. While large AI models such as ChatGPT demand significant processing power and require massive data centers in order to operate, tiny AI tools capable of collecting, storing and analyzing data can physically fit on whatever item is using the tech.
Save Money & Grab a Seat at TAtech North America & The World Job Board Forum
Snag deep savings and grab a spot with Super Early Discounts at LIMITED SEATING TAtech North America & The World Job Board Forum. Avoid FOMO, register right now for the only conference in the North American market that is specifically designed both for job board and talent technology company CEOs, their direct reports and rising stars and to accelerate the bottom-line growth of their enterprises. Why the rush? Because the conference will be held June 4-6, 2024 at The International Spy Museum which has a limited seating capacity and the Super Early Bird Discounts end this month, on December 31, 2023. 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!