The one about the future of AI in recruitment in 2024 and beyond [Ep. 9]

AI in Recruitment Episode 9 delves into the retrospective analysis of Artificial Intelligence (AI) in the recruitment landscape throughout 2023. Hosted by Martijn Hemminga and Jasper Spanjaart, the podcast also goes into the future, offering predictions for the year 2024. The complete episode is accessible on Spotify, Apple Podcasts, or through the provided link.

New legislation in Europe

The hosts kick off the discussion by highlighting a pivotal development in 2024—the introduction of the EU AI Act, marking the world’s first legislation dedicated to AI. Described by Spanjaart as the “Avengers of legislation for artificial intelligence,” the EU AI Act underscores safety, transparency, traceability, non-discrimination, and eco-friendliness. Notably, the legislation scrutinizes AI in recruitment systems, bringing attention to ethical considerations.

Europe’s GPT challengers

Turning their focus to Europe’s strides in AI, Hemminga shares news about Mistral AI, a French startup securing an impressive €385 million in investments. This positions Mistral AI as a leading player in the European AI landscape, attracting investments from notable entities like Salesforce and Nvidia. Additionally, Aleph Alpha, a German AI company, secured substantial funding, positioning itself to compete with major players like ChatGPT parent OpenAI, Microsoft, and Google in the AI sector.

Global hiring trends for 2024

Looking ahead with optimism, the hosts discuss positive trends for 2024, citing global hiring resilience amid recent challenges. According to Google research, 39% of hiring leaders are prepared to invest in hiring this year, and 70% of US job seekers express confidence in securing new opportunities. The hosts foresee online recruiting taking center stage, with 58% of decision-makers favoring prominent recruitment platforms. They also predict a shift in the key performance indicator (KPI) for AI towards productivity, the rise of AI-generated fake news, and the continued dominance of Nvidia in the AI landscape.

Sign up for the free event

To explore further insights into the outlook for AI in 2024, the podcast encourages listeners to participate in the free event titled “AI in Recruitment Outlook 2024.” Sponsored by 8vance and featuring AI-driven recruitment solutions, the event promises the latest figures, trends, and insights related to the use of AI in talent acquisition. Interested individuals can register for free!

Listen to the full podcast

For those keen on delving into the complete discussion, the full episode is available for listening on Spotify, Apple Podcasts, or through the link below.