Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Annelise Capossela/Axios

AI language models are being used to identify instances of racial and gender bias in employee performance reviews.

Why it matters: The tech industry — and all industries — have an ongoing problem with bias in the workplace. AI systems that parse text can help identify bias in at least one area: who companies decide to hire and promote.

How it works: Text IQ, an AI startup that focuses on uncovering latent risk in unstructured data like reports and financial data, recently launched its Unconscious Bias Detector.

  • Its AI system can scan employee performance reviews and identify, for example, whether male managers in a company are more likely to give higher scores to male workers.
  • It can also parse the text in written reviews and identify "work-focused language versus personality-focused language," says Apoorv Agarwal, Text IQ's CEO.
  • If a manager is giving one group of workers reviews that focus much more on personality versus work performance, that suggests some element of bias may be at work.

What they're saying: "Our goal with this is if we can make something unconscious conscious, that's already doing a lot," says Omar Haroun, Text IQ's COO.

The catch: While natural language processing models like this one have made major leaps in recent years — in part by being able to "combine the social aspect of text along with the linguistic," notes Agarwal — they're far from perfect and shouldn't be relied upon alone.

Context: As firms across industries begin to take diversity and inclusion more seriously, they need to rely on robust data about what's actually happening inside their companies, says Tauhidah Shakir, vice president of human resources and chief diversity officer at Paylocity.

  • "We're looking at all of the available information to say, 'Where do we need to focus?'" she adds. "And we wouldn't be able to do that without that data."

Go deeper: The perils of AI emotion recognition

Go deeper

Erica Pandey, author of @Work
Apr 29, 2021 - Economy & Business

A cultural crisis in America's workplaces

Illustration: Annelise Capossela/Axios

Across jobs and industries, Black employees have more negative views of the state of diversity and inclusion than their colleagues, according to a new report out today by career site Glassdoor.

Why it matters: Negative perceptions of workplace culture have a business cost. They can affect performance and productivity and ultimately lead to turnover.

20 mins ago - World

Putin denies Russia is behind cyberattacks ahead of Biden summit

In an exclusive interview with NBC's "Today," Russian President Vladimir Putin denied that Russia is waging cyber warfare against the United States and refused to guarantee opposition leader Alexei Navalny — whose name he would not say — will leave prison alive.

Why it matters: Cyberattacks by Russian intelligence and Russian-speaking criminal groups, as well as the Kremlin's attempted assassination and jailing of Navalny, are among the topics President Biden is expected to raise at his Geneva summit with Putin on Wednesday.

2 hours ago - Health

Novavax says COVID-19 vaccine was 90% effective in Phase 3 trial

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Novavax, a Maryland biotechnology company, announced Monday that its COVID-19 vaccine was 90.4% effective in its Phase 3 trial, including against coronavirus variants.

Why it matters: The study of 29,960 participants in the U.S. and Mexico found the shot was safe and highly effective, paving the way for the FDA to clear a 4th vaccine for emergency use by the end of the year.