Textkernel, an AI research and development group, has announced their newest AI for searching and extracting information from resumes called “Extract! 4.0”. The AI has a Deep Learning based resume parsing model, which means each new fact the AI learns will build upon previous facts and connect them together, like human minds do.
With this advancement in AI, Extract! 4.0 has shown vast improvement compared to both its contemporaries and its previous versions. Its errors rates have dropped an average of 25%, and customers are reportedly already excited to have more accurate information on hand in a much faster way.
CEO of Textkernel Jerome Ternynck had this to say: “The game-changing nature of this breakthrough places Textkernel well ahead of the competition in a crowded CV parsing solution market.”
“Deep Learning has transformed entire industries including automotive, healthcare, retail and financial services. Today, Textkernel is revolutionizing the HR domain with its launch of Extract! 4.0” explains Matt McNair, VP Global Services at Textkernel’s parent company Careerbuilder.
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