Wall Street Hire AI’s to Interview In Hopes To Find Best Employee
By the time most people are in their 20’s, they would have had the experience of attending at least one job interview. Interviews are an essential part of the hiring process for companies to ensure they are getting the right people not just for the job, but for the enterprise too.
By the time most people are in their 20’s, they would have had the experience of attending at least one job interview. Interviews are an essential part of the hiring process for companies to ensure they are getting the right people not just for the job, but for the enterprise too. Now, many of the countries top Wall Street banks are turning to artificial intelligence to help them get the right person for the job.
Traditionally, an interview may have consisted of a brief, friendly, conversation discussing what the job entailed, rates of pay, and when the person could start. Nowadays, it is not so simple. The whole recruitment process can be a lengthy, long-winded process and employers are searching for all the help they can get to streamline this process and make sure they are getting the most for their money in hiring someone.
Some banks have been creating their software internally that will help their recruitment needs, and others have been turning to a Seattle-based company, Koru Careers, for their help in hiring the best candidates for their company. Koru Careers have developed software that tests a current employee of the desired company to identify characteristics of them that are important to the company. This creates a baseline for testing and is know as a corporate fingerprint. Potential applicants are then tested in the same way, and their results are compared to that of the current employee who will identify which candidates would be best suited to the company.
Morgan Stanley Citibank, UBS Group, and Goldman Sachs have all invested in using this technology as either part of their current recruit process or at least as a pilot scheme. Firms have recognized that traditional interviews do not always bring out the best in people and are keen to develop an interview process that captures all of a person’s qualities in one swoop. Hiring the person for the job can potentially cost firm thousands, so any help they can get is greatly appreciated.
More News To Read
- Brain.FM Uses An Artificial Intelligence to Improve Your Brain Function
- Earth’s First Freeform 3D Printed Home
- Scientists Take Control of The Key Protein to Stop The Spread of Stifles Cancer
- Raise Your IQ With This Easy Habit
- Another Important Job For Drones; Blood Delivery
Related Coverage
- Now Amazon Wants to Get More From Gaming Industry
- 5 Tips For Using Wireframe Tools In Software Development
- Find the Perfect Job With Google’s Machine Learning AI
- Robotic Surgery Just Got More Autonomous
- Tesla Model X is Too Heavy to Legally Ride on The Brooklyn Bridge
Don't miss new tech stories on Google
Add TrendinTech once in the Google app and our stories appear in your news suggestions.
Daniel Okafor
Daniel Okafor is the Senior AI Reporter at TrendinTech, where he covers large language models, machine learning research and the practical use of artificial intelligence across business and government. He previously reported on artificial intelligence for MIT Technology Review, covering the labs behind the current generation of frontier models and the policy debates in Washington and Brussels. Daniel holds a Master of Science in Machine Learning from Carnegie Mellon University and follows the research community closely, attending NeurIPS and ICML each year to speak with the people behind the papers. He has a particular interest in evaluation: how models are benchmarked, where those benchmarks fail and what that means for the companies betting on them.
All stories by Daniel Okafor (316)