Recruiter's AI Digest #17
Resources and perspectives to keep you ahead of the curve as AI deepens its impact in Recruiting. 🤖
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This week’s digest
AI update
OpenAI removes Bing plugin but adds Code Interpreter for all Plus users
🔒 OpenAI has recently disabled the "Browse with Bing" feature in ChatGPT due to unintended content display, but assures users they are working to reinstate it.
⌛️ No specific timeline has been provided for reactivation, but OpenAI are actively addressing issues and working to bring the feature back online.
🧮 However, Code Interpreter is becoming officially available out to all Plus users this week.
➗ It runs code on files you upload, which means it can analyze data, construct charts, & edit files in seconds. Capabilities include, generating any type of chart, descriptive analyses (mean, median, etc), cleaning data.
ChatGPT novelty wearing off?
Worldwide desktop and mobile web traffic to the ChatGPT website, chat.openai.com, dropped 9.7% from May to June, according to preliminary estimates. In the U.S., the month-over-month decline was 10.3%.
OpenAI bosses may not be too worried though.
The traffic for other AI chatbots has also decreased, potentially indicating a more general waning of novelty, not just for ChatGPT but for all AI chatbots.
The externally estimated daily running cost for the mostly free ChatGPT is a whopping $700k!! 🤑🤑 Maybe less free users is okay, as OpenAI makes their money on selling access to their LLMs to other businesses.
In this week’s newsletter, we look at:
⛑ AI will save recruitment (Siadhal Magos)
🛠 Top AI tools for HR (Johannes Sundlo)
💼 AI to boost staff headcount (HR Review)
👔 AI and the automation of work (Benedict Evans)
Are there people you know struggling to digest all the AI news? Share this newsletter with them. 🙏
⛑ AI Will Save Recruitment (Siadhal Magos)
Metaview’s Siadhal Magos, gave a talk at Recfest this week on why he thinks ‘AI will save recruitment’. In short, AI will allow interviewers to focus less on the boring admin ‘drudgery’, and more on their `zone of genius`, subsequently increasing their capabilities + demand for their human-centric services.
Check out the graphic below of the recruiting workflows before (less drudgery) and after AI (more zone of genius).
Full post is here.
🔨 Top HR AI Tools (Johannes Sundlo)
Johannes Sundlo has compiled a list of the top AI tools for HR, with a brief description of each - check it out below!
💼 AI to boost staff headcount according to 1/2 of Britain’s employers (HR Review)
Over half of British employers (54%) are optimistic about the positive influence of AI technologies on their workforce, according to a survey of 2,000 businesses. 🌟
🚀 Upskilling with AI: Businesses anticipate AI tools like ChatGPT, Machine Learning, and Virtual Reality to enhance upskilling efforts (69%) and positively impact employee training (68%) and engagement (67%). Expect improvements in onboarding too (60%)! 📈
🌐 Beyond AI: The survey explored attitudes towards emerging technologies like the Metaverse. Although only 24% claimed familiarity, 65% expressed optimism about its impact on work, connecting people.
🤖 Human vs. AI: While 76% of candidates are comfortable with AI use in hiring, 46% still desire human review of their applications. Balancing AI and human interaction is key for conveying company culture and attracting candidates.
💼 IT Staffing Priorities: Cybersecurity (36%), customer/user experience (33%), technical support (33%), database management (29%), and CRM systems (25%) top the list. Employers plan to address challenges with automation (53%), upskilling (53%), new hires (50%), reskilling (50%), and short-term staff (47%). 💪
📚 Read it here.
👔 AI and the automation of work (Benedict Evans)
In this piece, Ben Evans gives his reflection on historical technological advancements, and how AI will likely follow a similar pattern.
“We should start by remembering that we’ve been automating work for 200 years. Every time we go through a wave of automation, whole classes of jobs go away, but new classes of jobs get created. There is frictional pain and dislocation in that process, and sometimes the new jobs go to different people in different places, but over time the total number of jobs doesn’t go down, and we have all become more prosperous.”
Ben Evans
💼 History indicates new jobs will emerge: While concerns arise about job displacement, historical evidence suggests that new jobs have always emerged with technological advancements.
⚙️ The Jevons Paradox: Reminds us that increased efficiency leads to more utilization, potentially creating even more job opportunities.
🌟 The future can take a long time: There’s a huge difference between an amazing demo of a transformative technology and something that a big complicated company holding other people’s business can use. What does that mean for generative AI in the workplace? Whatever you think will happen, it will take years, not weeks.
Read the full thing here
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Thanks a lot for the mention!