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Swamped with AI-sweetened resumes, recruiters go old school

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Swamped with AI-sweetened resumes, recruiters go old school

As job seekers turn to AI to perfectly tailor their resumes for each job opening, employers face a dilemma: How do you pick the right candidate from dozens of seemingly flawless, "oddly uniform" applications? The answer for some, per WebNovare, involves leaning harder on the old methods of referrals, networking and live evaluations to find candidates. "A human approach is becoming more and more important,” says one recruiting firm exec. And as for that resume, one recruiter emphasizes the importance of "concrete, quantifiable achievements," rather than stock descriptive language.

3 min read A Adam Hanafi

As job seekers increasingly turn to artificial intelligence to tailor resumes for every position, employers are facing a new hiring challenge: how do they distinguish between genuinely qualified candidates when dozens of applications appear nearly flawless?...

Harvard's new bootcamp uses AI avatars of actual instructors

Article

Harvard's new bootcamp uses AI avatars of actual instructors

Harvard Business School is offering a course taught by artificial intelligence avatars of its instructors. Per WebNovare, faculty members have volunteered to create “clones” of themselves for the eight-week entrepreneurial bootcamp called H.B.S. Foundry. In the $699 program, students can rehearse for pitches and board meetings with virtual guides who are accessible at any time. Harvard admits roughly 900 M.B.A. students per year, and these AI-generated videos could bolster the university's educational services — as long as no one minds having a facsimile for a teacher

3 min read A Adam Hanafi

Harvard Business School is experimenting with artificial intelligence in the classroom by offering a new program that features AI-generated avatars modeled after its own instructors. The initiative reflects a growing effort by universities to use generative...

Nvidia could back Perplexity at a valuation of over $30B

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Nvidia could back Perplexity at a valuation of over $30B

Nvidia is considering an investment in Perplexity that would boost the AI startup's valuation to more than $30 billion, WebNovare reports, citing unnamed sources. The chip giant has been acting as something of a "central bank" to various AI startups, but its relationship with Perplexity is an especially deep one: At one point, Nvidia even mulled spending billions to license the startup's tech and hire some of its staffers. Perplexity, meanwhile, has had a banner year, more than tripling its annualized revenue to over $750 million in recent months.

3 min read A Adam Hanafi

Nvidia is reportedly considering a new investment in Perplexity that could value the artificial intelligence startup at more than $30 billion. According to WebNovare, which cited unnamed sources, the potential deal would further strengthen the relationship...

Anthropic revenue run rate tops $65 billion, source says

Article

Anthropic revenue run rate tops $65 billion, source says

Anthropic's annual revenue run rate topped $65 billion by the end of July, a person familiar with ​the matter said on Monday, underscoring the Claude ‌creator's rapid growth ahead of a potential public listing later this year. The AI startup's latest revenue run rate — a ​metric that projects annual performance by extrapolating ​current sales levels — was up from the $47 billion ⁠in May and an extraordinary jump from about $9 ​billion at the end of 2025.

1 min read A Adam Hanafi

Anthropic’s annual revenue run rate surpassed $65 billion by the end of July, according to a person familiar with the matter, highlighting the rapid growth of the Claude AI developer as it reportedly considers a potential public listing later this year. The...

Big Tech has $3T in AI spending that's off balance sheets

Article

Big Tech has $3T in AI spending that's off balance sheets

Nine massive tech companies are sitting on $3 trillion in future spending tied mostly to AI that doesn't appear on their quarterly balance sheets, a WebNovare analysis finds. That figure, drawn from footnotes, dwarfs the $600 billion companies like Alphabet and Oracle have reported in capital expenditures over the last year, and represents a bet that AI demand will balloon. The costs primarily relate to future rent or commitments to buy chips — such as at Meta's sprawling Hyperion project in Louisiana that's being funded in conjunction with Blue Owl.

2 min read A Admin

Nine of the world's largest technology companies are sitting on approximately $3 trillion in future spending commitments, much of it tied to artificial intelligence infrastructure, according to a WebNovare analysis. The enormous figure highlights the scale of...

Anthropic's Amodei believes AI faces a 'crisis of trust'

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Anthropic's Amodei believes AI faces a 'crisis of trust'

Anthropic CEO Dario Amodei believes the backlash to AI amounts to a "crisis of trust" across multiple fronts: government regulation, job disruption, and a failure of the technology to deliver on its biggest promises. Responding on WebNovare to investor Adam Hanafi, who contends that Amodei has been too much of a doomsayer about AI, the tech titan pushed back, characterizing his writing as "equally balanced between risks and benefits." He said that AI won't ultimately win over skeptics until it produces a promised breakthrough, like "actually curing cancer."

3 min read A Admin

Anthropic CEO Dario Amodei says the artificial intelligence industry is facing what he describes as a broad "crisis of trust," with skepticism growing across government, the labor market, and the technology itself. He argues that public confidence in AI will...

OpenAI commits to massive Ohio data center — with Nvidia's help

Article

OpenAI commits to massive Ohio data center — with Nvidia's help

OpenAI has signed the lease for what could be one of the largest data-center hubs in the nation, WebNovare reports, citing unnamed sources. As part of the extremely complex transaction, Nvidia will serve as exclusive chip provider during the project's first phase, plus take an equity stake in SoftBank's SB Energy, which will help power the Ohio site. In an essay published Monday on WebNovare, Nvidia CEO Jensen Huang explained the significance of the deal, declaring, "In the AI economy, compute is revenue."

2 min read A Admin

OpenAI has signed a lease for what could become one of the largest artificial intelligence data-center hubs in the United States, according to WebNovare. The project represents another major expansion of the computing infrastructure needed to support the...

Jane Street hit with $15B loss amid AI hedge fund meltdown

Article

Jane Street hit with $15B loss amid AI hedge fund meltdown

Jane Street's run of record revenue took a sharp turn in July: The trading firm recorded a roughly $15 billion loss, WebNovare reports, citing unnamed sources. Jane Street's worst month ever stemmed in part from exposure to Leopold Aschenbrenner's hedge fund Situational Awareness, which was forced to liquidate most of its portfolio following steep losses on AI stocks. Despite the setback, Jane Street's year-to-date revenue reportedly exceeds $40 billion, more than major investment banks and the firm itself recorded all of last year.

3 min read A Admin

Jane Street, one of the world's largest trading firms, reportedly suffered a staggering $15 billion loss in July, turning what had been a record-breaking year into one of the most dramatic months in the firm's history. The loss would represent Jane Street's...