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LinkedIn hits 1 billion members, adds AI features for job seekers
Economic Times
·
1y ago
Medial
LinkedIn has announced that it now has 1 billion members on its platform, making it one of the largest professional networking sites in the world. In addition to this milestone, LinkedIn has also introduced new AI features aimed at helping job seekers find suitable opportunities. The platform will use artificial intelligence to offer personalized job recommendations, enhance interview preparation, and provide content to assist with skill development. These updates are part of LinkedIn's efforts to improve user experience and support professionals in their career growth.
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LinkedIn says premium subscriptions bring in $1.7 billion in new disclosure
Economic Times
·
1y ago
Medial
LinkedIn has disclosed that its premium subscription business generated $1.7 billion in revenue in 2023, thanks to increased adoption of new artificial intelligence (AI) tools. The social networking platform for professionals saw a 25% rise in premium subscribers last year, with 70% of them trying the AI features and 90% finding them useful. These tools include AI-assisted job scanning and profile optimization, as well as automatically generating messages to recruiters. LinkedIn aims to expand its premium subscription offerings to cater to job seekers and individual users, supplementing its existing revenue from hiring software sold to corporate recruiters.
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LinkedIn appoints Deepak Agarwal as chief AI officer
Economic Times
·
6m ago
Medial
LinkedIn has appointed Deepak Agarwal as its new Chief AI Officer. Agarwal, returning to LinkedIn after a previous eight-year tenure as VP of AI, aims to advance AI in an ethical, inclusive, and human-centric manner. Previously, he was Pinterest's Chief AI Officer and VP of Consumer and Trust Engineering. LinkedIn continues to leverage AI to enhance professional networking, recently introducing features to better align job seekers with recruiters amid increasing application challenges.
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India Quotient-backed Masai School launches AI-powered tech recruitment platform
Money Control
·
1y ago
Medial
Indian edtech startup Masai School has launched a new AI-powered platform called Level Up, aimed at job seekers and recruiters. The platform offers competency assessments and interviews with tech leads, as well as tools to help job seekers find relevant listings. For recruiters, Level Up provides insights into talent and streamlines the hiring process. Masai School, which offers training in full stack web and Android development, plans to disrupt traditional platforms like LinkedIn and has a job assurance program, with a 60-day money-back guarantee for users who don't receive job offers.
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An AI That Helps You Get a Job? | AI Unlocked
Gizmodo
·
1y ago
Medial
LinkedIn, known for its AI products behind the scenes, is rolling out new front-and-center features to assist users in finding work. These AI-powered tools aim to make job-seeking more efficient and effective, helping users assess their fit for a job, offering insights on skills needed, and suggesting improvements to profiles. Premium members can access these features at no additional cost. LinkedIn's VP of product management highlights the assessment tool as a favorite, allowing users to quickly determine their suitability for a job. The ultimate goal is to provide proactive job recommendations to users, even if they aren't actively searching.
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An AI That Helps You Get a Job? | AI Unlocked
Gizmodo
·
1y ago
Medial
Gizmodo recently interviewed LinkedIn about their premium AI tools designed to assist users in finding work. LinkedIn offers various features powered by artificial intelligence, such as intelligent job recommendations, personalized learning recommendations, and interview preparation tools. These tools aim to enhance the user experience by providing relevant and tailored content to help individuals navigate the job search process effectively. With these advancements in AI technology, LinkedIn is working to make job hunting more efficient and successful for its users.
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Microsoft is making lots of money from LinkedIn Premium — and users like its AI tools
Business Insider
·
1y ago
Medial
LinkedIn reported that it generated $1.7 billion in revenue from premium subscriptions in 2023. The platform's premium subscriber base increased by 25% YoY, driven by the usage of its AI tools. Over 70% of premium users utilize AI tools for post writing, comments, and profile recommendations, while 90% find the AI-powered job experience useful. LinkedIn's parent company, Microsoft, disclosed a 9% revenue growth in the last quarter for LinkedIn, without providing specific revenue figures since its acquisition in 2016. LinkedIn also announced that more AI features are in the pipeline.
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MBA grad struggles with resume, so he built AI platform for resume
Inshorts
·
1y ago
Medial
In today's competitive job market, crafting a standout resume can be daunting. Ankit Hiware with Vasudhaa and Khushboo founded ILA for Placements to help job seekers craft resumes. Their AI platform creates personalized professional resumes, and CVs effortlessly. With 1,00,000 users and 60+ workshops, ILM is helping job seekers develop confidence and ease, securing their dream careers.
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LinkedIn lays off over 500 workers as hiring activity slows
Economic Times
·
1y ago
Medial
Microsoft-owned LinkedIn has announced a second round of job cuts, resulting in over 500 layoffs, including engineers. The social media network is facing a hiring slowdown, prompting this move. This adds to the extensive job losses witnessed in the technology sector this year, as businesses grapple with an uncertain economic outlook. The 500 job cuts account for 2.5% of LinkedIn's 20,000-strong workforce.
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Why Using Open to Work on LinkedIn Can Be Counterproductive in Your Job Search
Business Bytes
·
1y ago
Medial
The article discusses how the "open to work" feature on LinkedIn may not be as beneficial as it seems. It draws an analogy between job hunting and dating, suggesting that appearing overly available and desperate can be counterproductive. Instead, the article recommends focusing on creating the impression of genuine interest in specific companies, which can make job seekers more appealing to potential employers. The advice highlights the importance of presenting oneself as confident, selective, and dedicated in the job search process.
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60% of Tier 2 City Freshers Target E-commerce And BFSI Sectors for Job Opportunities: apna.co Survey
OutlookIndia
·
1y ago
Medial
According to a survey by job and professional networking platform apna.co, 60% of fresh job seekers from tier 2 and 3 cities in India are showing interest in the e-commerce and BFSI sectors. The survey highlights the preference of these job seekers for multinational giants like Amazon, Flipkart, and Reliance Jio, citing stability and brand recognition as key factors. The study also reveals that career growth opportunities, stability, and work-life balance are important considerations for these fresh job seekers.
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