PandoLogic Completes Independent AI Audit, Releases Summary of Findings
10 Mayo 2023 - 6:00AM
PandoLogic, a wholly owned subsidiary of Veritone, Inc. (NASDAQ:
VERI) and a leading provider of artificial intelligence (AI) hiring
solutions, today confirmed completion of the most recent bias audit
of its AI capabilities, conducted by third-party responsible AI
company, Vera. In line with Veritone’s ongoing mission of AI for
good, PandoLogic also released a summary of the audit findings and
an explainability statement.
For the audit, Vera worked to review PandoLogic’s AI technology
and its AI models’ current and future state applications. This
included PandoLogic’s programmatic algorithms as well as its use of
conversational AI. Following the initial evaluation, Vera tested
PandoLogic’s solutions and considered the individual purpose,
design and position of each within the company’s AI ecosystem, with
an emphasis on areas with greater bias risk factors. The Vera audit
concluded that there was minimal risk of PandoLogic’s current AI
introducing bias into the recruitment process and that, within
certain distributions, the company’s solutions improved access to
diverse candidate populations. The summary of findings includes a
detailed look at the audit results and a description of
PandoLogic’s AI principles and its recommendations regarding best
practices for employers.
PandoLogic took these proactive measures ahead of the upcoming
enactment of NYC Local Law 144, set to go into effect on July 5,
2023.
Veritone CEO and President Ryan Steelberg commented, “Veritone’s
mission is to create a better world through the power of AI, and we
are committed to providing software, applications and services that
are safe, dynamic, transparent and innovative. PandoLogic is a
prime example of the work we are doing, and the findings of this
latest audit validate how companies can use AI for good.”
Terry Baker, CEO and President of PandoLogic, said, “Echoing
Veritone’s commitment, PandoLogic strives to uphold the ethical use
of AI and automation during the recruitment process. As such, we
went through this audit to make sure that our AI remains
transparent and explainable and to offer our customers resources to
help them comply with emerging legislation.”
To learn more about PandoLogic’s use of AI, please visit
pandologic.com/pandologics-use-of-ai-explained.
About PandoLogic
PandoLogic is a wholly owned subsidiary of Veritone, Inc.
(NASDAQ: VERI), a leader in enterprise artificial intelligence.
PandoLogic is a global market leader in programmatic recruitment
and generative conversational AI solutions that effectively source,
qualify and engage job candidates through intelligent automation.
PandoLogic’s customers consistently report significant increases in
recruiter productivity, better candidate quality, faster time to
hire, and reduced talent acquisition costs. More than a thousand
top employers rely on PandoLogic to power their unique, specific
recruiting requirements by driving superior, predictable outcomes.
To learn more, please visit www.pandologic.com.
About Veritone
Veritone (NASDAQ: VERI) is a leader in enterprise artificial
intelligence (AI) solutions. Serving organizations in both
commercial and regulated sectors, Veritone’s software, services,
and industry applications simplify data management, empowering the
largest and most recognizable brands in the world to run more
efficiently, accelerate decision making and increase profitability.
Veritone’s leading Enterprise AI platform, aiWARE™, orchestrates an
ever-growing ecosystem of machine learning models to transform
audio, video and other data sources into actionable intelligence.
Through its robust partner ecosystem and professional and managed
services, Veritone develops and builds AI solutions that solve
problems of today and tomorrow.
To learn more, visit Veritone.com.
Safe Harbor StatementThis news release contains
forward-looking statements. Without limiting the generality of the
foregoing, words such as “may,” “will,” “expect,” “believe,”
“anticipate,” “intend,” “could,” “estimate” or “continue” or the
negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. Assumptions relating to the foregoing
involve judgments and risks with respect to various matters which
are difficult or impossible to predict accurately and many of which
are beyond the control of Veritone. Certain of such judgments and
risks are discussed in Veritone’s SEC filings. Although Veritone
believes that the assumptions underlying the forward-looking
statements are reasonable, any of the assumptions could prove
inaccurate and, therefore, there can be no assurance that the
results contemplated in forward-looking statements will be
realized. In light of the significant uncertainties inherent in the
forward-looking information included herein, the inclusion of such
information should not be regarded as a representation by Veritone
or any other person that their objectives or plans will be
achieved. Veritone undertakes no obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Information contained on PandoLogic's website and set forth in
this press release is for general guidance only and does not
constitute legal advice or a guarantee of compliance with federal,
state or local law. PandoLogic’s summary of audit findings and
explainability statement are for illustrative purposes only and are
not intended to replace or serve as an employer’s audit of its own
use of PandoLogic’s automated employment-decision tools.
Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.
Media Contacts:
Kate Achille
The Devon Group for PandoLogic, a Veritone subsidiary
kate@devonpr.com
Lora Metzner
Global Results Communications for Veritone
veritone@globalresultspr.com
Brian Alger, CFA
SVP, Investor Relations and Capital Markets, Veritone
investors@veritone.com
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