Curated Intel from the Talent Tech Industry
January 29-February 4, 2024:
• Facing more scrutiny: Italian authorities says ChatGPT violates European Union privacy laws;
• Powering up recruiter enablement: PoetryHR closes six figure early-stage investment round;
• Making it happen faster: Ecpertini introduces solution to expedite sourcing and screening;
• Shifting the workforce priority: Tech layoffs to continue as companies move to hire AI talent;
• Putting the kibosh on anti-poaching agreements: Aerospace company pays $7.4M to settle.
Early Bird registrants get deep savings and a spot 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 Early Bird Discounts on registration are due to expire shortly. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!
ChatGPT is violating Europe’s privacy laws, Italian DPA tells OpenAI
OpenAI has been told it’s suspected of violating European Union privacy, following a multi-month investigation of its AI chatbot, ChatGPT, by Italy’s data protection authority. Details of the Italian authority’s draft findings haven’t been disclosed. But the Garante said today OpenAI has been notification and given 30 days to respond with a defence against the allegations. Confirmed breaches of the pan-EU regime can attract fines of up to €20 million, or up to 4% of global annual turnover. More uncomfortably for an AI giant like OpenAI, data protection authorities (DPAs) can issue orders that require changes to how data is processed in order to bring an end to confirmed violations. So it could be forced to change how it operates. Or pull its service out of EU Member States where privacy authorities seek to impose changes it doesn’t like. OpenAI said: We believe our practices align with GDPR and other privacy laws, and we take additional steps to protect people’s data and privacy. We want our AI to learn about the world, not about private individuals. We actively work to reduce personal data in training our systems like ChatGPT, which also rejects requests for private or sensitive information about people. We plan to continue to work constructively with the Garante.
Poetry HR Ltd Secures Six Figure Early Stage Funding Round
Poetry HR Ltd (trading as ‘Poetry’), a HR technology start-up company is pleased to announce a successful early stage funding round. The investment will be used to accelerate the company’s mission to provide talent acquisition and RPO (recruitment process outsourcing) recruiters in the USA and UK markets with the same access to enablement technologies enjoyed by modern sales teams. Specifically, the funding will be used to add headcount to the product and technology team and develop marketing campaigns promoting the product’s 30 generative AI-powered recruiter enablement solutions. Co-founder and director Adam Gordon said, “We are very excited to have attracted high calibre investors with expertise in recruitment technology and most of whom were investors in our successful previous venture, Candidate.ID (exit to iCIMS, Inc in March 2022). Having launched our minimum viable product on October 10th, over 280 companies have signed up to our free product and in the coming months we will focus on considerably increasing this number and converting our user base to paid customers because of the ever-increasing benefits we offer.”
Expertini introduces Resume Score™ for candidate sourcing and screening
Expertini.Com - the global job search, annouced the Resume Score™, a tool that will revolutionize candidate sourcing and screening processes. Expertini has integrated the Resume-Score tool in all its global regions, utilizing natural language processing (NLP) and machine learning algorithms to effectively analyze applications based on job descriptions. This innovative approach identifies patterns and predicts candidate suitability based on predefined criteria for the job role. Not only does this expedite the initial stages of recruitment, but it also ensures a more objective and unbiased evaluation of candidates aligned with the job requirements.
Tech layoffs are expected to continue as companies seek to hire more AI talent
Thanks to a fresh wave of mass layoffs, it's been a brutal start of the year for tech workers, and employees may not be out of the woods. As of January 2024, 89 tech companies have laid off almost 25,000 employees, according to tracker site Layoffs.fyi. And one analyst also said there will be more redundancies across the industry this year, primarily as they pivot their focus to spending on the AI sector. "Google and the rest of Big Tech are betting big on AI while cutting back on non-strategic areas," Dan Ives, a tech analyst at Wedbush Securities, told CNBC. Layoffs will continue in some areas, while"the hiring frenzy in AI will be unprecedented as this arms race continues across the tech world."
Aerospace company pays $7.4M to settle no-poach suit tied to DOJ investigation
A collection of aerospace companies has agreed to settle with workers who alleged that the companies engaged in an illegal no-poach agreement with one company, Cyient Inc., set to pay $7.4 million, according to court documents filed Wednesday. The news represents the latest development in a nearly three-year-long dispute before the U.S. District Court for the District of Connecticut. In 2021, the U.S. Department of Justice sued a former executive at Raytheon subsidiary Pratt & Whitney, alleging that he participated in a “long-running conspiracy” with managers and executives at outsource engineering suppliers to restrict hiring and recruiting of the companies’ engineers and other skilled workers.
Early Bird Gets the Discounts at TAtech North America & The World Job Board Forum
Early Bird registrants get deep savings and a spot 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 Early Bird Discounts on registration are due to expire shortly. 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!