Google $10M AI Investment, Artisan Raises $35M, ChatGPT Resume Use

The AI landscape continues to evolve rapidly across various sectors. Young entrepreneurs are flocking to San Francisco to launch AI startups, with companies like Artisan, led by Jaspar Carmichael-Jack, securing significant funding, such as the $35 million they've raised for their AI sales assistant. Meanwhile, Metropolitan Commercial Bank has appointed Ali Abedini as its first Chief Artificial Intelligence Officer to integrate AI into its systems. Indiana University is also preparing its students and staff for the AI-driven future by offering a free GenAI 101 course. Google is investing $10 million in the APAC AI for Society initiative to support AI solutions in agriculture, health, and energy across the Asia-Pacific region. However, the rise of AI also presents challenges. Companies are increasingly using AI in hiring processes, sometimes without informing candidates, raising ethical concerns about transparency and potential bias. Some individuals are even using tools like ChatGPT to create resumes, which can lead to difficulties if they lack genuine understanding of the role. Security is another major concern, as demonstrated by a recent competition where AI agents from top labs failed security tests, highlighting vulnerabilities to attacks and data breaches. On the technology front, Z Advanced Computing (ZAC) claims its Concept Learning AI outperforms neural networks for self-driving cars, requiring fewer training examples and less computing power. These developments underscore the need for a comprehensive approach to AI strategy, as highlighted by HBR, and the importance of combining AI with human oversight to maintain empathy and authenticity.

Key Takeaways

• Artisan, led by Jaspar Carmichael-Jack, an AI startup focused on an AI sales assistant, has raised over $35 million.
• Metropolitan Commercial Bank has appointed Ali Abedini as its first Chief Artificial Intelligence Officer.
• Indiana University is launching a free GenAI 101 course to teach AI skills to students, faculty, and staff.
• Google is investing $10 million in the APAC AI for Society initiative to support AI solutions in agriculture, health, and energy in the Asia-Pacific region.
• Companies are increasingly using AI for job interviews, sometimes without informing candidates, raising transparency and bias concerns.
• AI resume tools, like LinkedIn's AI resume assistant, are widely used, but experts recommend combining AI with human input in hiring.
• AI agents from top AI labs failed security tests in a recent competition, revealing vulnerabilities to attacks and data breaches.
• Z Advanced Computing (ZAC) claims its Concept Learning AI is superior to neural networks for Level-5 self-driving cars.
• HBR suggests that AI strategy needs more than one leader.

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Job seekers surprised by AI interviews without human contact

More companies are using AI for job interviews, sometimes without telling candidates. Kendall McGill and Wafa Shafiq were surprised to find they were interviewed by AI. Companies use AI to save time and money, but some experts warn it can be impersonal and biased. Keith Spencer from Resume Now says companies should be transparent about using AI in hiring. Matthew Bidwell from Wharton School worries about legal and ethical issues with AI bias.

Can AI get you hired and then get you fired

Companies are using AI to write resumes and screen candidates, creating a hiring loop between bots. Melody used ChatGPT and an AI resume tool to get a job, but struggled because she lacked real understanding. Gartner estimates many Fortune 500 companies use AI to screen resumes. LinkedIn's AI resume assistant has helped create many applications since 2024. Experts recommend companies combine AI with human input to avoid losing empathy and authenticity in hiring.

Young CEOs flock to San Francisco for AI boom

Several young entrepreneurs in their 20s have moved to San Francisco to start AI companies. Brendan Foody, Karun Kaushik, and Jaspar Carmichael-Jack dropped out of college to pursue AI startups. Carmichael-Jack's company, Artisan, makes an AI sales assistant and has raised over $35 million. Other young CEOs include Scott Wu of , Michael Truell of Cursor, and Roy Lee of Cluely.

Metropolitan Commercial Bank hires Ali Abedini as AI chief

Metropolitan Commercial Bank has appointed Ali Abedini as its first Chief Artificial Intelligence Officer. Abedini has over 20 years of experience in AI and machine learning. He will help integrate AI into the bank's systems. Mark R. DeFazio, the bank's CEO, said Abedini's experience will help the bank grow. Abedini previously worked at TD Bank.

Indiana University offers free AI course to students and staff

Indiana University is launching a free course called GenAI 101 this fall for students, faculty, and staff. The course will teach essential AI skills for the workplace. It includes eight modules with sixteen lessons and focuses on practical AI applications. Participants will learn prompt engineering, how to use AI for brainstorming, and how to improve productivity with AI. The course also features Crimson, an AI learning agent for on-demand support.

ZAC AI beats neural nets for self-driving cars

Z Advanced Computing's (ZAC) Concept Learning AI is better than neural networks for Level-5 self-driving cars. ZAC's AI can understand complex situations and use data from different sensors. It needs fewer training examples and less computing power. ZAC's AI can remove the need for human drivers and memorizing street signs. The company has over 450 inventions and 14 US patents.

Google commits $10 million to APAC AI for Society initiative

Google.org is investing $10 million in the APAC AI for Society initiative. The initiative will support AI solutions for agriculture, health, and energy in the Asia-Pacific region. AI can help farmers increase productivity and make better decisions. It can also improve healthcare access and make operations more efficient. Additionally, AI can help improve energy efficiency and reduce emissions.

AI agents fail security tests in red teaming competition

AI agents from top AI labs failed security tests in a large competition. Nearly 2,000 participants launched 1.8 million attacks on AI agents. All 22 AI models tested had security flaws. The attacks led to unauthorized data access and other policy violations. The Agent Red Teaming (ART) benchmark was created to help test and improve AI agent security.

AI strategy needs more than one leader says HBR

This article discusses who should lead AI efforts in companies.

Sources

• The AI bubble is so big it's propping up the US economy (for now)
• UX Roundup: Designers in Denial | 3 Levels of Corporate AI Use | AI Improves Medical Diagnosis | AI Math | Ideogram Character Consistency
• When the Interviewer Isn’t Human and No One Tells You
• AI Got You the Job. Now It’s Getting You Fired.
• Swarming to San Francisco’s A.I. Boom: a New Crop of 20-Something CEOs
• Metropolitan Commercial Bank Appoints Ali Abedini as Chief Artificial Intelligence Officer
• IU Launches Free Generative AI Course For All With IU Login
• ZAC Concept Learning Artificial Intelligence (AI) recognized as far superior algorithm to achieve Level-5 Self-Driving than Neural Nets
• Introducing the APAC AI for Society initiative
• Every leading AI agent failed at least one security test during a massive red teaming competition
• Your AI Strategy Needs More Than a Single Leader