Business
PandoLogic Completes Independent AI Audit, Releases Summary of Findings
NEW YORK and DENVER, May 10, 2023 (GLOBE NEWSWIRE) -- PandoLogic, a wholly owned subsidiary of Veritone, Inc. (NASDAQ: VERI) and a leading provider of
About this update from Veritone, Inc.
[{"type":"text","content":"NEW YORK and DENVER, May 10, 2023 (GLOBE NEWSWIRE) -- 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 wh...