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Curated Intel from the Talent Tech Industry
June 24-30, 2024:
• Helping bring order to chaos: FairNow secures $3.5M seed funding for AI governance solutions;
• Introducing cognition as a service: NeuBird gets funds for AI-enabled “teammate” Hawkeye;
• Making staffing easier: Ceipal launches Ceipal Copilot to help recruiters manage workflows;
• Baying at the bottom-line: TechWolf raises $43M to take AI-sized bite out of internal recruiting;
• Reducing the cost to zero: Microsoft AI CEO predicts radical change in information economics.
PLUS
Worldclass content and business-building connections at TAtech Europe & The EMEA Job Board Forum. Register right now for the only conference in the EMEA 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 September 17-19, 2024 in Paris at Cercle National des Armées, and it has a limited seating capacity. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!
FairNow Secures $3.5 Million Seed Funding to Advance AI Governance Solutions
FairNow, a leading provider of AI governance software, announced today that it has secured $3.5 million in a seed funding round. The investment will help FairNow accelerate its mission of equipping enterprises with a governance platform that manages AI-related business and regulatory risks. “Our team has built AI technologies in highly regulated industries like HR and financial services, and we know firsthand how time-consuming AI governance can be.” The platform serves as a central hub, aligning AI tech stacks with a myriad of regulatory requirements. “Our team has built AI technologies in highly regulated industries like HR and financial services, and we know firsthand how time-consuming AI governance can be,” says COO Lisa Goldman. “FairNow alleviates that burden, letting builders focus more on creating and less on compliance,” adds CEO Guru Sethupathy.
Mayfield Fund Bets On The Cognitive Economy
Software developers have long touted the ability to automate dull, repetitive work. Now, they’re increasingly coming for more complex tasks. Mayfield Fund is among the firms vested in this trend, investing in the rise of the cognitive workforce through AI-enabled tools for knowledge workers. Cognition as a Service (CaaS) is “going to transform productivity. It’s going to allow humans to do new things,” said Navin Chaddha, a managing partner at Mayfield. To that end, Chaddha led the firm’s investment this spring in NeuBird, a service for IT operations that adds an AI-enabled “teammate” called Hawkeye. Hawkeye analyzes issues with the software stack based on prompts from engineers, chats with the team, and provides solutions.
Ceipal Launches Ceipal Copilot To Supercharge Staffing, Recruiting, and Candidate Engagement
Ceipal, the global leader in staffing and recruiting software, has launched Ceipal Copilot, an innovative solution designed to transform staffing and recruiting processes through advanced artificial intelligence (AI)-generated responses and evaluation. Ceipal Copilot revolutionizes how staffing and recruiting professionals manage their workflows, maximizing efficiency and delivering seamless and effective hiring experiences. The staffing and recruiting landscape has become more dynamic with the arrival of Generation Z (those born between 1996 and the early-mid 2000s), the world’s largest generation, which now comprises 27% of the workforce. Growing up with technology, Generation Z brings unique perspectives and comfort with digital tools to the talent pool. Ceipal Copilot addresses the need for recruiters to use new tools to quickly connect and engage with top candidates so they don’t lose them to other opportunities.
TechWolf raises $43M to take an AI-sized bite out of the internal recruiting game
Layoffs continue to buffet the world of technology, but with the need for tech talent in organizations only growing, there’s a bigger focus on how internal talent is managed. A startup from Ghent in Belgium called TechWolf is taking a unique approach to addressing that need. It has built an AI engine that ingests data from internal workflows to learn about the people doing that work. This is then turned into data for managers and internal recruiters to assess various employees’ interests and skills more accurately, help connect them with different projects, and ultimately provide them with better training and more. The company is making some waves with its technology, boasting an impressive list of customers that include GSK, HSBC, Booking.com and many others. And now it has raised nearly $43 million ($42.75 million, more precisely) in funding to expand its business.
Microsoft AI CEO explains why the economics of information are about to ‘radically change’
AI will cut the marginal costs of producing information, Microsoft AI CEO Mustafa Suleyman says. Suleyman predicts near-zero marginal cost for new knowledge production in 15-20 years. Suleyman believes these changes will mark a “true inflection point” in human history. If the internet dramatically cut the costs of producing information, AI is bound to eliminate them.
Do Great Deals & Gather Strategic Intel at TAtech Europe
Worldclass content and business-building connections at TAtech Europe & The EMEA Job Board Forum. Register right now for the only conference in the EMEA 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 September 17-19, 2024 in Paris at Cercle National des Armées, and it has a limited seating capacity. 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!
