Former Google, Facebook Execs Launch AI Human Resources Firm to ‘Remove Human Bias'
Two longtime Silicon Valley tech players have launched an artificial intelligence (AI) big data human resources (HR) company, intending to remove "human bias" from recruiting, hiring, and professional development. Their company shoots for a "holistic" approach to employment, to benefit companies and employees.
"Employment is the backbone of society and it is a hard problem," explained Eightfold.ai CEO Ashutosh Garg, a former search and personalization expert at Google and IBM research."People pitch recruiting as a transaction [but] to build a holistic platform is to build a company that fundamentally solves this problem," making work the most meaningful for the most people.
Garg teamed up with chief technology officer Varun Kacholia, who led the ranking team at Google and YouTube search and the News Feed team at Facebook. Eightfold.ai, which has $24 million in funding provided by Lightspeed Ventures and Foundation Capital, already serves more than 100 customers using its tools across different industries, TechCrunch reported. It has processed more than 20 million applications, and increased response rates among its customers by 700 percent, while reducing screening costs and time by 90 percent.
Garg and Kacholia aim to remove the human biases from recruiting, hiring, professional development, and advancement by using big data and AI to construct the prototype of an ideal workforce. Eightfold.ai analyzes publicly available data collected from across the world that can be parsed and analyzed to create a Platonic ideal of any business in any industry.
The ancient Greek philosopher Plato suggested that the perfect working order of a government or human being required the right ordering of all working parts, and he structured an ideal government in the dialogue The Republic. Eightfold.ai operates on the idea that such an ideal workplace arrangement can be devised and personalized for specific businesses and industries.
With such an ideal crafted, Eightfold can apply it to a real company's workforce to optimize existing roles and devise hiring strategies.
"We have crawled the web for millions of profiles ... including data from Wikipedia," Garg told TechCrunch. "From there we have gotten data round how people have moved in organizations. We use all of this data to see who has performed well in an organization or not. Now ... we build models over this data to see who is capable of doing what."
Eightfold.ai also focuses on helping employees reach their full potential. After drafting a "talent graph" for the company, "we map how people have gone from one function to another in their career," Garg explained. "Every individual with the right capability and potential placed in the right role is meaningful progress for us."
Echoing the holistic and vaguely spiritual push of the company, Garg and Kacholia took the name from Buddhism's "Eightfold Path" to Nirvana or "enlightenment." Their real faith seems more placed in technology, however.