Connect with us

Technology

LinkedIn’s Subscription Growth Is 25% Higher Despite AI Tools

Published

on

LinkedIn's Subscription Growth Is 25% Higher Despite AI Tools

According to reports, LinkedIn’s premium subscription division brought in $1.7 billion in revenue in 2023.

The number of premium members on the professional social networking site increased by 25% in the same year, according to Reuters, which released the information based on an interview with LinkedIn Chief Operating Officer Dan Shapero on Thursday, March 7.

According to the research, LinkedIn, which Microsoft purchased in 2016, earned $15 billion in revenue in fiscal 2023, of which $7 billion came from its hiring tools for corporate recruiters.

According to the report, one reason for the significant increase in the company’s premium subscription service, which has a monthly starting price of $39.99, is the addition of members-only features like artificial intelligence (AI) tools designed to improve user experience and recruitment and job hunting efficacy.

For instance, according to the study, LinkedIn has added AI capabilities that may examine a job advertisement and a candidate’s resume to determine a possible match.

According to the paper, this AI also expands on its skills to improve user profiles to draw in recruiters and to automatically develop content to interest prospective employers.

Early data suggests that 70% of members having access to the new AI tools have tried them, and 90% of them found them useful. These features have swiftly gained popularity and become useful.

According to the report, these developments occur at a time when the labor market is tight, albeit not equally across all industries. According to the survey, professionals are driven to utilize all available resources to land desired roles, as seen by LinkedIn’s insights indicating that there are two candidates for each post.

LinkedIn stated that the new offering is intended to expedite what can be a drawn-out process, provide users with additional “key salient opportunities,” and provide timely information about global events when it announced the debut of its AI tools for premium subscribers in November.

During an earnings call in October, Microsoft Chairman and CEO Satya Nadella stated that the company’s paid services, such its premium subscriptions, helped to drive earnings growth. LinkedIn also reported an 8% gain in sales.

Technology

Biden, Kishida Secure Support from Amazon and Nvidia for $50 Million Joint AI Research Program

Published

on

As the two countries seek to enhance cooperation around the rapidly advancing technology, President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program.

A senior US official briefed reporters prior to Wednesday’s official visit at the White House, stating that the $50 million project will be a collaborative effort between Tsukuba University outside of Tokyo and the University of Washington in Seattle. A separate collaborative AI research program between Carnegie Mellon University in Pittsburgh and Tokyo’s Keio University is also being planned by the two nations.

The push for greater research into artificial intelligence comes as the Biden administration is weighing a series of new regulations designed to minimize the risks of AI technology, which has developed as a key focus for tech companies. The White House announced late last month that federal agencies have until the end of the year to determine how they will assess, test, and monitor the impact of government use of AI technology.

In addition to the university-led projects, Microsoft Corp. announced on Tuesday that it would invest $2.9 billion to expand its cloud computing and artificial intelligence infrastructure in Japan. Brad Smith, the president of Microsoft, met with Kishida on Tuesday. The company released a statement announcing its intention to establish a new AI and robotics lab in Japan.

Kishida, the second-largest economy in Asia, urged American business executives to invest more in Japan’s developing technologies on Tuesday.

“Your investments will enable Japan’s economic growth — which will also be capital for more investments from Japan to the US,” Kishida said at a roundtable with business leaders in Washington.

Continue Reading

Technology

OnePlus and OPPO Collaborate with Google to Introduce Gemini Models for Enhanced Smartphone AI

Published

on

As anticipated, original equipment manufacturers, or OEMs, are heavily integrating AI into their products. Google is working with OnePlus, OPPO, and other companies to integrate Gemini models into their smartphones. They intend to introduce the Gemini models on smartphones later this year, becoming the first OEMs to do so. Gemini models will go on sale later in 2024, as announced at the Google Cloud Next 24 event. Gemini models are designed to provide users with an enhanced artificial intelligence (AI) experience on their gadgets.

Customers in China can now create AI content on-the-go with devices like the OnePlus 12 and OPPO Find X7 thanks to OnePlus and OPPO’s Generative AI models.

The AI Eraser tool was recently made available to all OnePlus customers worldwide. This AI-powered tool lets users remove unwanted objects from their photos. For OnePlus and OPPO, AI Eraser is only the beginning.

In the future, the businesses hope to add more AI-powered features like creating original social media content and summarizing news stories and audio.

AndesGPT LLM from OnePlus and OPPO powers AI Eraser. Even though the Samsung Galaxy S24 and Google Pixel 8 series already have this feature, it is still encouraging to see OnePlus and OPPO taking the initiative to include AI capabilities in their products.

OnePlus and OPPO devices will be able to provide customers with a more comprehensive and sophisticated AI experience with the release of the Gemini models. It is important to remember that OnePlus and OPPO already power the Trinity Engine, which makes using phones incredibly smooth, and use AI and computational mathematics to enhance mobile photography.

By 2024, more original equipment manufacturers should have AI capabilities on their products. This is probably going to help Google because OEMs will use Gemini as the foundation upon which to build their features.

Continue Reading

Technology

Meta Explores AI-Enabled Search Bar on Instagram

Published

on

In an attempt to expand the user base for its generative AI-powered products, Meta is moving forward. The business is experimenting with inserting Meta AI into the Instagram search bar for both chat with AI and content discovery, in addition to testing the chatbot Meta AI with users in nations like India on WhatsApp.

When you type a query into the search bar, Meta AI initiates a direct message (DM) exchange in which you can ask questions or respond to pre-programmed prompts. Aravind Srinivas, CEO of Perplexity AI, pointed out that the prompt screen’s design is similar to the startup’s search screen.

Plus, it might make it easier for you to find fresh Instagram content. As demonstrated in a user-posted video on Threads, you can search for Reels related to a particular topic by tapping on a prompt such as “Beautiful Maui sunset Reels.”

Additionally, TechCrunch spoke with a few users who had the ability to instruct Meta AI to look for recommendations for Reels.

By using generative AI to surface new content from networks like Instagram, Meta hopes to go beyond text generation.

With TechCrunch, Meta verified the results of its Instagram AI experiment. But the company didn’t say whether or not it uses generative AI technology for search.

A Meta representative told TechCrunch, “We’re testing a range of our generative AI-powered experiences publicly in a limited capacity. They are under development in varying phases.”

There are a ton of posts available discussing Instagram search quality. It is therefore not surprising that Meta would want to enhance search through the use of generative AI.

Furthermore, Instagram should be easier to find than TikTok, according to Meta. In order to display results from Reddit and TikTok, Google unveiled a new perspectives feature last year. Instagram is developing a feature called “Visibility off Instagram” that could allow posts to appear in search engine results, according to reverse engineer Alessandro Paluzzi, who made this discovery earlier this week on X.

Continue Reading

Trending

error: Content is protected !!