AI Boosts Indeed's Growth, Defying Investor Fears

Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list.

Earlier this year, whenever Hisayuki Idekoba joined calls to discuss the latest earnings for Indeed, the jobs-search giant owned by Japan’s Recruit, the CEO faced a barrage of questions about the threat posed by artificial intelligence. However, recent results have shown that AI is actually driving gains for the platform, contrary to investor fears. The integration of AI has enhanced job matching and user experience, leading to increased engagement and revenue. This positive outcome highlights the potential for AI to complement rather than replace job platforms, benefiting both employers and job seekers.