How ethical is it to utilize AI in applicant screening and hiring decisions?

This is a topic that has gained attention in recent years, as more companies use AI algorithms to screen job applicants. Some argue that AI can remove human biases from the hiring process, while others worry that the algorithms themselves may be biased or that they may perpetuate existing biases in the data they are trained on. This could lead to discrimination against certain groups of people, and raise questions about fairness and transparency in the hiring process. What do you think are the pros and cons of this, do you think AI biases could be minimized? I am pretty optimistic about this personally as I witness the progression of GPT-4 first hand.