LinkedIn subscriptions pull in R32-billion for Microsoft

the first time disclosed sales for its premium subscription business, saying the unit hit US$1.7-billion in revenue in 2023 as the company sees an uptick in adoption of new artificial intelligence tools.

But over the past year, LinkedIn has been working to expand its premium subscription business, which is used by job seekers and other individual users and starts at $39.99/month. A major part of that effort was the addition last year of AI features such as the ability to scan a job posting and, based on a job seeker’s resume, determine automatically if the seeker might be a good fit. The AI system can also help job seekers tweak their LinkedIn profile to make them more appealing to recruiters and can automatically generate written messages to send to recruiters.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Superhero in the finance department: Meet Microsoft Copilot for FinanceMicrosoft Copilot for Finance is like having a superhero in your pocket, requiring only a stable WiFi connection, says Emil Henrico, CEO of ISSC Group.
Source: ITWeb - 🏆 45. / 51 Read more »

AI's Productivity Gains Proven as More Companies Adopt Microsoft's CopilotMicrosoft introduced Copilot to assess its productivity gains and time-saving capabilities. The findings showed significant improvements in productivity and user satisfaction. The AI solution has now been rolled out across all Microsoft 365 platforms.
Source: ITOnlineSA - 🏆 16. / 63 Read more »