Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 11 01T120142Z 1 LYNXMPEJA01AI RTROPTP 4 LINKEDIN LAYOFFS
2023 11 01T120142Z 1 LYNXMPEJA01AI RTROPTP 4 LINKEDIN LAYOFFS

LinkedIn hits 1 billion members, adds AI features for job seekers


By Stephen Nellis

(Reuters) – LinkedIn, the business-focused social network owned by Microsoft, on Wednesday said it now has more than 1 billion members and is adding more artificial intelligence features for paying users.

Crossing the billion-users mark puts LinkedIn – where members maintain a resume-like profile of their education, work experience and professional skills – in the top-tier of social media networks that include rivals such as Meta Platforms.

About 80% of recent members are signing up from outside of the United States, the company has said.

LinkedIn has a free tier of membership but also offers subscriptions from $30 per month. Members of its $40-a-month tier will get new AI features that can tell a user, who may be plowing through dozens of job postings, whether they’re a good candidate based on the information in their profile.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The system can also recommend profile changes to make the user more competitive for a job.

The tool is designed to help users go “from what used to be just seeing a job and feeling insecure to being able to make tremendous progress in just one session, all the way towards an interaction,” Tomer Cohen, LinkedIn’s chief product officer, said in an interview.

LinkedIn also introduced on Wednesday a button that will summarize long posts into a few key bullet points tailored for each user, for example by giving a sales professional a different takeaway than a stock broker.

 

(Reporting by Stephen Nellis in San Francisco; Editing by Edwina Gibbs)

Recent Post: