How will AI agents reshape work and transform hiring processes? My Wildest Prediction explores the topic with Nancy Xu, founder and CEO of Moonhub, a company specialising in AI-driven recruitment.
My Wildest Prediction is a podcast series from Euronews Businesswhere we dare to imagine the future with business and tech visionaries. In this episode, Tom Goodwin talks to Nancy Xu, CEO and founder of Moonhub, a US company specialised in AI-driven recruitment solutions.
Companies around the world are increasingly relying on artificial intelligence (AI).
According to a study conducted by IBM in late 2023, 42% of the surveyed enterprises with more than 1,00 employees reported having actively deployed AI in their business operations.
These companies indicated using AI in many different applications, including human resources and talent acquisition.
What’s the impact of AI tools on recruiting processes? And how will this technological tool shape the future of work?
My Wildest Prediction welcomed Nancy Xu to the show to discuss these questions. Xu is the founder and CEO of MoonHub, a company specialised in AI-driven recruitment solutions.
AI agents, the future of work
“By 2030, we will have more AI agents than people in this world,” Nancy Xu told Euronews Business.
Xu defined AI agents as models that can take actions based on the training sessions and indications of human beings.
According to her, automated agents will soon be able to take on entire units of work and a lot of people will then need to become managers of these agents.
While this prediction might scare AI sceptics, who worry about the potential reduction of job offers due to technological inventions, Nancy Xu offered a much more optimistic perspective.
Xu argued that, not only will AI create more jobs than it will disrupt, but also the development of AI agents will be widespread and democratic.
According to her, AI agents, just like iPhones, will be used by a large amount of people and not only the most privileged ones.
“In terms of where the opportunities are for agents, I think they are endless,” Xu told Euronews Business.
AI recruiters and their impact on job accessibility
Nancy Xu’s company Moonhub is at the forefront of the AI agents’ deployment in the workspace.
Specifically, Moonhub’s AI agents and their human managers help companies conduct the recruitment process, seeking to make it more accessible and diverse by analysing a larger number of applications.
Whether AI agents can contribute to creating a more diverse work environment is the subject of a heated debate among researchers.
On the one hand, some scientists argue that AI tools inherit the stereotypes enrooted in our society, thus perpetuating and even exacerbating uniformity among the chosen candidates.
On the other hand, some experts claim that the large number of profiles studied by AI tools can make work accessible to a larger sample of people.
Nancy Xu firmly supports the latter view.
To illustrate her point, Xu shared an example: “If recruiters have to hire a great software engineer, a lot of them look for people who worked at Google or studied at Stanford,” the entrepreneur explained. “The power you have with AI is that you are no longer limited in how many profiles you can review,” she continued.
Learn more by listening to My Wildest Prediction.
