SonicJobs CEO Mikhil Raja on Using AI Agents to Connect the Internet, starting with Jobs - Ep. 233
Sep 25, 2024
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Mikhil Raja, CEO and Cofounder of SonicJobs, is revolutionizing recruitment with AI. He reveals how AI Agents improve job application completion rates from a mere 5% to an impressive 26% by allowing candidates to apply directly on job platforms. Raja discusses the high costs of talent acquisition in the U.S. and the challenges of user drop-off. He also shares insights on merging traditional AI with large language models for better user experiences and the evolution of AI terminology in the tech world.
The introduction of AI agents by SonicJobs allows candidates to apply directly on job platforms, significantly increasing application completion rates from 5% to 26%.
The podcast explores the evolution of AI terminology, emphasizing the importance of precise definitions as AI technologies like RPA become more integrated into various sectors.
Deep dives
Evolution of AI Terminology
The discussion highlights the transformation in the terminology surrounding artificial intelligence, particularly the emergence of the term 'AI agents.' Initially, when the concept was developed, it lacked a specific name, reflecting the novelty and complexity of the technology at that time. The term 'AI agents' now encompasses a variety of applications and functions, demonstrating how the understanding of AI has evolved within the tech community. This shift emphasizes the necessity for clearer definitions as the technology continues to progress and integrate into various sectors.
AI and RPA Integration
The podcast addresses the fusion of artificial intelligence with robotic process automation (RPA), which was historically referred to as 'AI plus RPA.' This integration aims to enhance efficiency and automation in web-based tasks, making systems smarter and more responsive. Initially, the terminology used was not well understood, indicating a significant gap in industry knowledge and communication regarding these technologies. As these concepts have become more commonplace, it is essential to recognize their synergistic potential in transforming workflows and improving operational performance.
Companies in the US spend $15bn annually on talent acquisition. The most important metric in recruitment advertising is the conversion from the paid click on the job platform to the application the employer receives. Industry-wide, apply conversion is just 5%. Redirection of the candidate from the job platform to the company site is the biggest cause of abandonment; this step has a 70% bounce rate. In this episode of NVIDIA’s AI Podcast, host Noah Kravitz speaks with Mikhil Raja, Cofounder and CEO of SonicJobs, about how they have built AI Agents to enable candidates to complete applications directly on job platforms, without redirection, boosting completion rates to 26% from 5%. Raja delves deep into SonicJobs’ cutting-edge technology, which merges traditional AI with large language models (LLMs) to understand and interact with job application web flows. He also emphasizes the importance of fine-tuning foundational models to achieve more impactful and scalable innovations.
SonicJobs is a member of the NVIDIA Inception program for startups.
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