AI Job Interviewers Are on the Horizon!

Hello, and welcome to this week’s issue of the Neural Frontier! By now, you should all expect intriguing and mind-boggling stories from the dazzling—albeit capital-intensive–world of AI.

It will appear that this week was a flurry of power plays from tech giants—with ByteDance and Dropbox stepping into the fray of major AI-centric investments. Needless to say, it’s been an interesting week, with even the Grammy’s weighing in on the AI scene.

As expected, we’ve rounded up all the top stories for your convenience. Here we go!

In this issue, we’ve got:

🤯 AI job interviewers are on the Horizon!

🤖 China’s ByteDance makes a $1 billion NVIDIA-centric power play.

💡 Dropbox makes AI-powered moves of its own.

🏆 The Grammy’s ban AI-generated music.

⚡ The Neural Frontier’s weekly picks: 3 AI tools you should be using.

🤯 AI job interviewers are on the Horizon!

With the increasing fear of job loss due to the wide-scale integration of AI, it appears that AI might influence the job market in more ways than one. Now, it’s not news that many job seekers utilize AI-powered tools like ChatGPT to generate resumes and cover letters 😏. However, it will appear that employers have also taken a cue from this 😉, increasing AI's involvement in the job screening process.

To back this up, a recent survey by Resume Builder showed that over 40% of companies will integrate AI interviews as part of their job screening process by 2024. What’s more, about 65% of companies believe that the integration of AI into the hiring process will bolster hiring efficiency. Our take? Well, we believe that AI will definitely reduce inefficiencies and eliminate any form of bias from the hiring process.

But, we must also consider that this integration may have more nuanced drawbacks. And while none come to mind—other than the possible dehumanization of the hiring process—it’s safe to say that interesting times lie ahead 🧙.

🤖 China’s ByteDance makes a $1 billion NVIDIA-centric power play.

The world can’t seem to get enough of NVIDIA’s chips—especially with this recent generative AI surge. And although the US government laid out GPU sale restrictions that impacted China, it appears that Chinese giants, ByteDance were one step ahead.

How so? Well, Chinese media recently reported that TikTok creators, ByteDance have already ordered about $1 billion worth of NVIDIA’s chips. In addition, these orders were placed before the US ban took effect, allowing NVIDIA to curb potential financial losses.

Considering an average cost of $10,000 for NVIDIA’s high-performance chips, this order amounts to about 100,000 hardware units. This news means that ByteDance alone has surpassed NVIDIA’s sales in the entirety of China’s market for a year. Pretty remarkable, isn’t it?

💡 Dropbox makes AI-powered moves of its own.  

It’s no secret that more and more companies—particularly tech giants—have embraced the large-scale integration of AI into workflows and product offerings. And while Dropbox might be a bit late to the party, it’s never too late to hop on the AI train.

The file-hosting giant recently announced AI-powered additions to its product offerings. This includes:

• Dropbox Dash: A unified search bar that allows you to scan across software tools and apps from even third-party applications like Google Workspace and Salesforce.

• Dropbox AI: Dropbox’s new AI innovation that gives users quick summaries of files stored on the platform.

What’s more, Dropbox also just launched an AI-focused venture fund—called Dropbox Ventures—with a backing of $50 million. If that doesn’t showcase the company’s confidence in AI technology, what else does?

🏆 The Grammy’s ban AI-generated music.

Last week, the Recording Academy finally decided to weigh in on the heavy influx of AI-generated music. This influx has ruffled many feathers, leaving many musicians worried about the industry's future. And while AI has been heavily integrated across many spheres of our lives—proving its use—it won’t be winning a Grammy anytime soon.

Outlining new rules ahead of the next award show, the Recording Academy stated that only “human creators” will be eligible for an award. However, songs that include AI-generated elements can still be nominated—granted that there’s evidence of significant human contribution to the record.

To wrap things up, Harvey Mason Jr., the CEO of the Recording Academy, stated, “If there's an AI voice singing the song or AI instrumentation, we'll consider it…But in a songwriting-based category, it has to have been written mostly by a human."

⚡ The Neural Frontier’s weekly picks: 3 AI tools you should be using.

Another week, another compilation of fun and productivity-driven AI-powered tools for your use. Yep, you guessed it! These are the Neural Frontier’s picks for the week. Enjoy!

1. 🧙ClickUp AI: Powered by the kings of all-in-one project management, ClickUp AI aims to bolster your productivity in more ways than expected. Need to summarize meeting notes or comment threads? Or do you want to generate action items from a doc? ClickUp AI has you covered.

2. 💡Gamma: With a promise to help you generate docs, pitch decks, and presentations in seconds, Gamma hopes to blow the competition away with its host of features. Leveraging the resources of its powerful AI generator, Gamma enables you to create detailed presentations with simple prompts.

3. 🦾AI JD: Offering itself as every hiring manager’s dream come true, AI JD aims to revolutionize how HR personnel draft job descriptions. Add that to its bold promise to deliver a customized job description within 90 seconds, and you have a tool that’s worth a second look—at the very least.

There you have it! Yet another stellar coverage of the highs, mids, and lows of the sizzling world of AI. Thankfully, you’ve been equipped with knowledge and a curated lineup of tools to help you bridge any knowledge gaps. As usual, feel free to spread the love—and knowledge—by sharing this post.

Catch you next week!