Artificial Intelligence
Industry Powerhouses Join Forces to Build the First “Internet of Careers” Platform Using Blockchain
DENVER, Jan. 28, 2020 (GLOBE NEWSWIRE) — Joining forces with Velocity Career Labs, developer of innovative blockchain technology, 14 industry leaders from across the Human Capital Management and Education markets came together to launch the Velocity Network Foundation. Together, the vendor-neutral, nonprofit organization will define, deploy and champion the Velocity Network: a globally accessible, open-source, blockchain-powered “Internet of Careers.”
The Velocity Network Foundation aims to solve some of the most critical challenges for the future of work while addressing the growing need for data privacy and security. Founding members include Aon’s Assessment Solutions, Cisive, Cornerstone, HireRight, Korn Ferry, National Student Clearinghouse, Randstad, SAP, SumTotal Systems, SHL, Ultimate Software, Unit4, Upwork, Velocity Career Labs and ZipRecruiter. The Velocity Network Foundation was formed to reinvent how people manage their career credentials.
Disrupted and Volatile Job Markets
The Fourth Industrial Revolution is driving disruption across global labor markets: skills shortages, accelerated turnover, the shift toward contingent workforces and a growing gig economy. According to a recent study1 from Korn Ferry, by 2030, a shortage of 85.2 million skilled workers will result in lost revenue opportunities of $8.452 trillion worldwide. Research from Upwork and Freelancers Union2 indicates that more than 50 percent of millennial workers are already freelancing while in 2019 alone, 57 million Americans freelanced, representing 35 percent of the entire U.S. workforce.
Hundreds of millions of individuals will be affected by the Fourth Industrial Revolution trends, many driven to change their careers or risk displacement. In this reality, career credentials become one of the most sought after and valuable assets for workers, enabling them to navigate through the labor market. As noted at the World Economic Forum in Davos,3 73 percent of employees said they want to own their work-related records and take them as they move between jobs.
Businesses, governments and key stakeholders need to accelerate and elevate their game to win against these trends. All bets are on innovations in human resources technology to tackle newer challenges, with increased demand for smart automation, AI and algorithmic matching to connect people with jobs and career development opportunities. Yet, most individuals and organizations still rely on costly, self-reported and unverified methods to exchange data about previous employment, professional achievements and educational certifications, all of which are key to hiring efficiencies. The fragmented data exchange system is holding back the job market and preventing the mitigation of critical challenges facing the job market today.
Velocity, The World’s Network for Verified Career Credentials
Powered by blockchain, the Velocity Network makes it possible for people to claim and manage their career credentials, including verified education, projects, work history, skills and talent assessments, choosing with whom to share this information and how others use this data. At the same time, employers and educational institutions can rely on trusted, immutable applicant, candidate, student and employee information, seamlessly and effectively achieving significant reductions in the time and costs associated with talent processes, while reducing risk through decisions based on reliable data and supporting compliance in today’s global labor market.
Combined, the Velocity Network Foundation’s founding members have career-related data for more than 700 million individuals in their systems, including billions of professional and student credentials and assessments, as well as employment and contract work records spanning job information, pay histories, competencies and more.
Dror Gurevich, CEO of Velocity Career Labs, said, “These amazing future-thinking founding members bring to the table what’s needed to kickstart the network effect.” He continued, “The democratic, nonprofit nature of the governance, and the open-source framework will make it a true public utility layer. This is why we are calling it the ‘Internet of Careers.’ It sets Velocity apart from others in this space and attracts many others to join, driving the supply and demand flywheel.”
Constellation Research Vice President and Principal Analyst, Holger Mueller, said, “The world of work has forever changed, and Enterprise Acceleration is real, which means enterprises need to act quickly to get their people platforms and data in better shape. The workforce use cases for what Velocity is doing abound, from talent acquisition and employment verification to competency certification and compensation management. Equally compelling will be the ability for workers to have portable work records that are documented in tamper-proof technology. Velocity’s founding members are to be applauded for coming together and collaborating at an industry level to transform how work needs to happen in this new decade and beyond.”
Digital transformation expert Jason Averbook, a global keynote speaker, industry analyst, and co-founder and CEO of Leapgen, commented, “The Future of Work is really the Now of Work, and it’s important we don’t fall further behind. That means fixing what’s broken while nurturing innovation. The Velocity Network puts people back in control by building a globally accessible, trustworthy foundation that will underlie global labor markets. It’s exciting to see this impressive roster of founding members who share the vision.”
To learn more about the Velocity Network and its founding members, visit the Foundation page at www.velocitynetwork.foundation/foundation.
About Velocity Career Labs
Velocity Career Labs was founded in 2018 to reinvent how career credentials are shared across the global labor market, empowering individuals, businesses and educational institutions through transformational blockchain technology – self-sovereign, trusted and decentralized. We call it the “Internet of Careers.”
For more information about Velocity Career Labs, visit www.velocitycareerlabs.com.
About the Velocity Network Foundation
The Velocity Network Foundation is a nonprofit organization established by Velocity Career Labs, a developer of innovative blockchain technology. The Foundation exists to govern the use of the Velocity Network by all involved parties; continuously build the rulebook, a common framework that ensures operational consistency and legal clarity for every transaction; promote global adoption and support among stakeholders and constituents; guide the development of the decentralized protocols; and support research and development of applications and associated services, fostering a community of open-source developers.
For more information about Velocity Network Foundation and the Velocity Network, visit www.velocitynetwork.foundation.
Media Contact:
Jeanne Achille
The Devon Group
[email protected]
+1-732-706-0123 ext. 700
1 The Global Talent Crunch, Korn Ferry, 2018
2 Freelancing in America, Freelancers Union, October 2017
3 Putting Trust to Work, Accenture, 2019
Quotes from the Founding Member Organizations of the Velocity Network Foundation
Dr. Achim Preuss, Director, Portfolio Assessment, Aon’s Assessment Solutions: “Velocity Network provides an infrastructure where job seekers, incumbents, recruiters, and service providers can contribute and benefit. As far as I can tell, Velocity Network has the most elaborate concept of a blockchain-based, self-sovereign career identity that currently exists.”
James Owens, President and CEO, Cisive: “Career Credentials Data is key to sustaining labor markets’ efficiencies and has enormous potential upside for individuals and businesses. And, as Artificial Intelligence in HR gets smarter and more focused on solving specific problems, we all expect to see even further capabilities: smart matching of individuals and career opportunities, predictive analytics and smart people development recommendations.”
Mark Goldin, Chief Technology Officer, Cornerstone: “Blockchain is poised to have a significant impact on how organizations hire and develop their talent. Given its secure and verifiable nature, Blockchain will give employers a precise view of employees’ skills and capabilities, enabling them to match job roles better and proactively identify opportunities for learning and development. By having transparent insight into workforce capabilities, organizations can better plan for the future and effectively close the pervasive skills gap that companies are experiencing everywhere.”
Lori Webb, SVP Product, HireRight: “With speed to hire and veracity of career credentials being of paramount importance, we see information exchanged through a decentralized identity verification gaining traction in the HR space. As technology advances, the approach of the Velocity Network Foundation is the right solution to gain broad adoption of participation with self-sovereign identity and an individual’s control of their own career and education records.”
Jean-Marc Laouchez, President, Korn Ferry Institute: “Organizations have made significant progress in their ability to manage data regarding employees, but individuals may divide their time working for two or more employers, take gig assignments and move between jobs more frequently than before. No one employer has the holistic employee picture that is needed to make valuable predictions and drive value through analytics and AI.”
Larry Hatch, Vice President, Industry & Workforce Services, National Student Clearinghouse: “Self-sovereign identity is here, and it is going to be here to stay. There is an incredible amount of data about all of us out there in the digital ecosystem. The theory and the theme around self-sovereign identity are that the individual will own all of this data via technologies like blockchain.”
Ximo Soler, SVP Global Digital Strategy and Innovation, Randstad: “Having a digital validated employment identity, as an example, should make everyone more employable, companies speed up their time to hire and companies like Randstad be able to use our capabilities to enhance the recruitment experience. Velocity Network Foundation creates the perfect ecosystem to bring the Internet of Careers to its max.”
Meg Bear, SVP, Products, SAP SuccessFactors: “The workforce of the future will be the most diverse we have seen, not only in gender and ethnicity, but in physical and neurodiversity, age, education, skills, and work-life situations. With more fluidity in the job market, human experience management (HXM) platforms that put people at the center of business are critical to encouraging the co-creation of business processes and greater productivity. Making credentials portable and interoperable is just one step to delivering the best experience for the entire workforce. By leveraging blockchain, the Velocity Network will enable accurate, timely, secure, compliant, and cost-effective verification so organizations can engage the right people at the right time and exist at the forefront of today’s business and technology trends.”
Andrew Bradshaw, CEO, SHL: “Employers who demonstrate more empathy have access to better talent. People choose to stay with employers who treat them fairly, who offer them insightful learning experiences, and who earn their trust with clear privacy standards and communications practices. When it comes to talent, doing good is good for business.”
Debasis Dutta, VP and GM Product Management for SumTotal Systems: “The maturity of blockchain technology has made it possible to develop a standardized, secure ecosystem with verifiable digital identity and career credentials. SumTotal Systems is excited about the potential of blockchain technology to empower individuals to share their career credentials securely – be it training, certifications, or digital badges – with current and future employers to enhance job mobility and career progression. Organizations benefit by having timely and secure access to verifiable employee data to drive more engagement and talent development opportunities for their employees to reskill and upskill through AI-driven predictive capabilities. Joining the Velocity Network Foundation with the best brains in the HCM space will deliver tremendous value to individuals and the market.”
Cecile Alper-Leroux, VP HCM Innovation, Ultimate Software: “Trust is the cornerstone of some of the best and most valuable things in life, and people have the right to trust that their data remain private and protected. Ultimate has chosen to be at the forefront of the evolution of blockchain for people—and, by extension, HR—by becoming a founding member of the Velocity Network Foundation. Throughout our 30-year history, Ultimate’s #1 priority has been to put people first, and I am excited to see the application of our ‘People First’ philosophy at work in future HR technology.”
Matthias Thurner, Chief Product Officer, Unit4: “We’re very proud to be a part of The Velocity Network Foundation, championing the “Internet of Careers.” Technology is available today to reinvent how career credentials are shared so that people can take ownership of their data. Digital identity is a vital issue for labor market transformation and an effective digital economy. People need to know that their data is safe and being used in the right way. We see a huge benefit in people owning their work-related records and taking them with them as they move between jobs.”
Yvette Cameron, EVP Ecosystem, Velocity Career Labs: “If you’re going to reinvent the way career credentials are exchanged across the global labor market, you had better ensure a deep understanding of the different needs and use cases across its many constituents: students, freelancers, agency workers, employees, mentors, educational institutions, employers, staffing agencies, employment marketplaces, government agencies and more. When establishing the Velocity Network Foundation, we deliberately reached across the many different types of entities operating in the labor market to ensure the most diverse and deep set of experiences and expertise would drive the initial governing body of the Velocity Network. As the Foundation continues to expand, our vendor-neutral approach will ensure the ongoing diversity of its membership and hence broad use-case expertise, while our open source utility layer will invite a thriving ecosystem of contributors to adapt and built on top of it.”
Artificial Intelligence
FinVolution to Hold 9th Global Data Science Competition, Focus on Deepfake Speech Detection in LLM era
The 9th FinVolution Global Data Science Competition targets deepfake speech detection, tackling the challenge of distinguishing between cloned and authentic voices in the LLM era.The contest is part of the IJCAI 2024 Competitions and Challenges track, encouraging global collaboration and innovation among AI enthusiasts.By integrating LLM-generated fake voices in the test dataset, the competition increases complexity and spurs innovation.SHANGHAI, May 10, 2024 /PRNewswire/ — FinVolution, a leading fintech service provider, launches the 9th FinVolution Global Data Science Competition today, with a focus on “Deepfake Speech Detection.” The contest is part of the IJCAI (International Joint Conference on Artificial Intelligence) Competitions and Challenges track, a top international AI conference.
As voice synthesis technology continues to evolve, the line between cloned and genuine voices has become increasingly blurred in the era of large language models (LLMs), posing significant challenges to data security and asset protection.
The competition aims to inspire global AI enthusiasts and experts to innovate in combating voice cloning and deepfake scams. Contestants will utilize deep learning technologies to develop models and algorithms based on FinVolution’s test dataset. The competition will include LLM-generated fake voices to elevate complexity and spur innovation.
With a total prize pool of RMB 310,000, the contest will consist of preliminaries, semifinals, and a final, with an aim to authenticate true and false voices. Highest-ranked contestants will attend IJCAI 2024 in Jeju of South Korea, to receive the awards and engage with academic and industry experts. FinVolution proudly sponsors IJCAI 2024.
Tiezheng Li, CEO of FinVolution, stated, “Since its inception nine years ago, the FinVolution Global Data Science Competition has evolved into a widely recognized event in the field of data technology, facilitating technical exchange worldwide. Partnering with IJCAI this year, a top-tier international AI conference, demonstrates our commitment to advancing deep speech recognition technology.”
The Deepfake Challenge
During the preliminaries (May 10 to June 12), participants will design algorithms based on the white-box dataset supplied by FinVolution and submit scoring results to qualify for the semifinals. The dataset primarily comprises voice recordings totaling 20-40 hours.
At the semifinal stage (June 13 to June 28), contenders are expected to refine their algorithms based on the black-box dataset provided by the competition organizer, vying for a spot in the final. The dataset, composed mainly of private data, contains five to 10 hours of recordings.
Participants can register on the official website from May 9 to June 3, to download and view the datasets.
Upholding AI Ethics
Voice cloning has emerged as a major form of telecom fraud, as scammers exploit AI technology to make distinction between genuine and fake voices increasingly tricky.
The competition focuses on safeguarding user privacy and combating fraudulent activities by identifying cloned voices accurately.
Lei Chen, Vice President of FinVolution and Head of its Big Data and AI Division, said, “The applications of Large Language Models far exceed the corresponding detection technology, posing great challenges to information security. We hope to see AI deepfake voice detection technology keep pace with the developments of LLMs, thus safeguarding the data security of the public. With this concept in mind, the FinVolution Global Data Science Competition is not only a platform for technical competition but also an opportunity to explore how AI can better adhere to ethical principles and serve the public.”
To date, the FinVolution Global Data Science Competition has drawn nearly 10,000 participants globally in total, becoming a widely recognized event in the field of digital financial technology.
Organized annually since 2016, the contest themes have spanned diverse domains, all rooted in real-world fintech business scenarios. These themes range from risk control algorithms, financial data applications, and product development to semantic similarity recognition, asset portfolio cash flow prediction, and credit schemes for small- and micro-sized enterprises.
About FinVolution Group
FinVolution Group is a leading fintech company that connects millions of consumers as well as micro- and small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
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View original content:https://www.prnewswire.co.uk/news-releases/finvolution-to-hold-9th-global-data-science-competition-focus-on-deepfake-speech-detection-in-llm-era-302141074.html
Artificial Intelligence
XTEND SECURES $40M TO REDEFINE ROBOTICS WITH AI-POWERED COMMON SENSE
XTEND and its XOS operating system are unlocking the potential of robots and drones by empowering them with AI and partnering them with humans – providing them with the ‘common sense’ to navigate the unpredictable nature of real-world situations
TEL AVIV, Israel, May 10, 2024 /PRNewswire/ — XTEND, the developer of XOS, an AI-driven operating system that is revolutionizing the way humans interact with drones and robots, today announced its $40M Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech. The new funding will further develop XTEND’s proprietary XOS operating system and its application in various time-consuming, dangerous enterprise and security scenarios worldwide. XTEND will also ramp up global sales of its own drones and robotics products.
XTEND provides a revolutionary human-supervised, AI-driven drone and robot operating system that enables operators to perform highly complex and dynamic missions in any environment with minimal training. When drones and robots are controlled by XTEND’s patented XOS operating system – which fuses the best of human intelligence and machine autonomy – it provides a new way for logistics, public safety, inspection, defense, and security professionals to interact with machines effectively from a safe distance.
XTEND’s team believes that as the use of drones and robots become more prevalent, professional human oversight remains crucial, and therefore developing a seamless collaboration between humans and AI, where each play to their strengths for optimal results, is vital. Aviv Shapira, co-founder, and CEO, explains: “Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains – equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information. XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security.”
“Our XOS operating system is based on “Practical Human Supervised Autonomy” which empowers drones and robots to handle specific tasks autonomously – entering buildings, scanning floors, or even pursuing suspects. However, crucially, it allows the “common sense” decisions – like judging situations or adapting to unforeseen circumstances – to remain in the hands of human supervisors. This human-machine teaming allows our robots to work alongside supervisors, who can manage dozens of robots simultaneously, and learn from that experience. That is why we believe that XOS will become the operating system of choice for anyone looking to maximize their robotic systems’ potential while decreasing the risks posed to their teams’ lives or concerns around lack of human oversight.”
Hundreds of XTEND’s drone and robotics systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and those platforms to deliver the future of human-machine teaming. XOS is hardware agnostic, which allows it to control all sorts of platforms, including third party devices, complement existing technology, or create entirely new systems from scratch. XOS’s open architecture means that it can host applications developed by other companies, too.
Matteo Shapira, co-founder, and CXO, adds: “Unlike self-driving cars, which operate in a world with mostly known rules and scenarios, XTEND specializes in enabling operations in “hypervariable” environments. Take a last-mile delivery robot. It can navigate autonomously indoors and outdoors but might need human help finding an office building entrance or understanding floor layouts to reach the elevator or stairway. These environments present limitless situations with the potential for the unexpected, requiring human-level decision-making skills specific to each profession. XTEND’s core technology, XOS, is built around this human-machine partnership. We are continually adding new “AI SKILLS” to our system, and those skills will allow robots to handle a growing portion of missions and tasks, freeing up human supervisors to manage more missions simultaneously, at scale.”
Eyal Agmoni, Founder and Chairman of Chartered Group, said: “We believe that the companies bringing the value of AI to massive and complex industries, such as robotics and drone operations, will be the tech giants of the 21st century. Having observed XTEND’s remarkable achievements thus far, we truly believe in the company’s potential to become the world leader in robotics and drone operations, and AI.”
XOS has been developed for multiple markets, including logistics, public safety, inspection, and security. The U.S. Department of Defense Special Forces and Israel’s Ministry of Defense tier-1 units have also chosen XTEND for multiple multi-million-dollar programs to develop and deliver its systems for operational evaluation, so the company’s technology is already being used by some of the best in the business.
About XTENDXTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
https://vimeo.com/802995851/2554c5485a – this footage shows XTEND’s team using drones and our XOS operating system to help with the recent rescue effort in Turkey. XOS enabled these drones to be operated in unsafe, confined, hard to reach spaces. Utilising additional cutting-edge technology, including robotic arms and thermal cameras, to enhance each drone’s rescue capacity. While this mission was carried out by XTEND’s own team, XOS enables anyone to easily connect and interact within remote environments using drones and other smart machines, without the need for prior knowledge or training.
About Chartered GroupChartered Group is an innovative global private equity firm providing extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplinaries with its VC of Disruptive Technologies as its cutting edge. Chartered is all about exposing accredited and institutional investors to the most extraordinary global investments and opportunities. As a global private equity firm, Chartered cut through the investment noise to deliver a variety of savvy financial products and services that not only support a greener and more digitalized world but also leverage robust financial returns, one tailored strategy at a time. To learn more please visit www.charteredgroup.com.
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Artificial Intelligence
Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing
New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.
Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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