LinkedIn Enters AI Agent Race!

Welcome back, folks.

LinkedIn has rolled out its first AI agent, dubbed "Hiring Assistant," designed to take on the repetitive tasks of job recruiters. This new tool transforms how recruiters handle job descriptions, candidate sourcing, and engagement.

In the meantime, Elon Musk’s AI company is in talks to raise new funding at a valuation of around $40 billion! Yeah, that’s a lot of money.

Let’s get into the juicy details. . .

Today in the “Incredible AI” world:

• LinkedIn Unveiled AI Hiring Assistant

• xAI is Trying to Raise Billions More

• OpenAI Plans to Build Its First AI Chip

• The Fastest Way to Build AI Apps

• 5 New Super Useful AI Tools

• AI Image of the Day

Read Time: 4 minutes

- LATEST DEVELOPMENTS -

LinkedIn Launches Its First AI Agent:

LinkedIn has launched its first AI agent, Hiring Assistant, designed to take over recruitment tasks. This tool aims to streamline the hiring process by automating repetitive tasks and helping recruiters focus on more impactful work.

Things to Know:

• Introduction: LinkedIn's Hiring Assistant is a new AI tool aimed at revolutionizing recruitment. The tool is designed to handle tasks such as creating job descriptions, sourcing candidates, and engaging with them.

• Features: Hiring Assistant can take notes and turn them into detailed job descriptions. It also sources candidates based on skills rather than traditional indicators like location or education.

• Integration: The AI assistant integrates with third-party application tracking systems and is trained on LinkedIn's extensive data. This allows for a more efficient and accurate recruitment process.

• Future Plans: LinkedIn plans to add more features to Hiring Assistant, including messaging and scheduling support for interviews. The goal is to make the recruitment process smoother and more efficient.

LinkedIn's Hiring Assistant is set to roll out more widely in the coming months. This AI tool is expected to significantly reduce the workload of recruiters, allowing them to focus on building connections and making meaningful hires.

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Elon Musk's xAI Seeks $40 Billion Valuation:

Elon Musk's AI startup, xAI, is in talks to raise new funding at a valuation of around $40 billion. This funding round aims to add to the $6 billion raised in May, bringing the company's valuation close to double its current $24 billion.

Things to Know:

• xAI's Ambitious Goals: xAI, launched by Musk last year, aims to compete with OpenAI and other AI leaders. The company plans to use the funds to double its computing resources and enhance its AI models.

• Funding Round Details: The new funding round is still in early discussions, with terms subject to change. xAI hopes to raise several billion dollars, potentially making it one of the most valuable startups in the US.

• xAI's Progress: xAI has already developed its first model, Grok, and offers an enterprise API. The company is training the next generation of Grok models on a massive cluster of Nvidia GPUs.

Musk's vision for xAI includes expanding its capabilities and competing with top AI firms. The company's new funding round could significantly boost its resources and market position.

OpenAI is Planning to Build Its First AI Chip in 2026:

OpenAI is collaborating with Broadcom and TSMC to develop its first in-house AI chip. This move aims to diversify chip supply and reduce costs. The company has decided to focus on in-house chip design, abandoning its initial plan to build a network of factories.

Things to Know:

• Partnership and Strategy: OpenAI has been working with Broadcom to create an AI chip focusing on inference. The company aims to secure chip supply and manage costs by leveraging industry partnerships. This strategy highlights OpenAI's approach to balancing internal and external efforts.

• Chip Design and Manufacturing: The custom-designed chip will be manufactured by TSMC and is expected to be ready by 2026. OpenAI is also incorporating AMD chips alongside Nvidia chips to meet its infrastructure demands. This diversification is crucial for the company's AI systems.

• Market Implications: As one of the largest buyers of chips, OpenAI's decision could have broader implications for the tech sector. The company's strategy to source from multiple chipmakers while developing its customized chip may influence other companies in the industry.

OpenAI's collaboration with Broadcom and TSMC marks a significant step in its AI development efforts. By focusing on in-house chip design, the company aims to enhance its AI systems' performance and efficiency.

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- AI IMAGE OF THE DAY -

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