This document summarizes Kasper Kok's presentation on creating a dynamic, data-driven profession-skills ontology. It discusses Textkernel's AI capabilities for matching people and jobs, including semantic search, document understanding, and labor market intelligence. It then covers Textkernel's approaches to skill extraction from job descriptions, including list-based extraction from predefined skills (closed world) and context-based extraction using machine learning to discover new skills (open world). The presentation argues that a best approach combines the closed and open world methods with a taxonomy to map skills.