LinkedIn is significantly expanding its application of Artificial Intelligence (AI) tools, concentrating on recruitment.
The Microsoft-owned company is a professional networking platform where individuals can create a profile to showcase their professional identity.
But it has become harder for recruiters to wade through the nearly 950 million resumes to find the best recruits.
Using an OpenAI-based algorithm, LinkedIn will allow recruiters to chat with the AI, asking questions and suggesting traits that use natural language to narrow the search.
A majority of LinkedIn users access the site for free.
Premium services exist that allow users to see who is looking at their profile, but the biggest source of revenue for the company is the fees recruiters pay to access the trove of potential recruits.
The gen AI tool is focused on providing these recruiters with an expanded offering as part of its base service.
“When you focus on the skills that are required to do the job effectively, all of a sudden, you see there are tens of thousands of candidates out there,” said Ryan Roslansky, LinkedIn’s chief executive.
Founded in 2003 and was acquired by Microsoft in 2016 for $26.2 billion.
The company generates $15 billion in annual revenue for Microsoft.
Microsoft has invested $11 billion in OpenAI and its ChatGPT engine, which it is busy adding to nearly all Microsoft products including Windows, its Office 365 Suites, and a variety of other applications and uses under its CoPilot product line.
Employing ChatGPT for LinkedIn is a logical value add that will likely increase and expand use by recruiters.