Despite the high cost, Meta is releasing Llama 3.1 as open-source. This week, Llama 3.1 will be accessible through WhatsApp and the Meta AI website in the US, with Instagram and Facebook following soon. New languages, including French, German, Hindi, Italian, and Spanish, are also being added.
Companies that successfully incorporate AI into their recruitment strategies can gain a competitive edge by identifying top talent more swiftly and accurately. However, they must also address the ethical and practical challenges that come with AI to ensure their hiring practices stay fair and inclusive.
As HR leaders focus on evaluating and adopting HR technologies, particularly generative AI in 2024, it becomes crucial for business leaders and HR professionals to understand how this technology can enhance future-ready skilling strategies.
The launch coincides with a critical juncture, with global AI investment anticipated to exceed $500 billion annually by 2025, as indicated in a recent McKinsey report.
Unconscious bias is one of the prevalent challenges confronting performance management in HR. Generative AI as a smart digital tool can help prevent bias by proffering objective and well-informed insights.
Currently, women make up just 27% of AI technology creators, up by 3.5% since 2016. This gap widens at higher levels: 39% hold managerial roles, 36% are in directorships, and only 23% occupy vice-president positions.