PandoLogic Completes Independent AI Audit, Releases Summary of Findings
PandoLogic, a wholly owned subsidiary of Veritone, and a leading provider of artificial intelligence (AI) hiring solutions, 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.
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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.”
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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.”
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
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.
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