Industry

Gay dating app Grindr has been hinting at its development of an AI wingman, but now the company is officially testing an initial model, according to The Wall Street Journal.

The WSJ interview with CEO George Arison included more details on the AI wingman, which will keep track of a user’s matches and make conversational suggestions based on messages they have had with other users. The AI bot will even recommend matches with long-term relationship potential and suggest places where they could meet.

According to Arison, down the line, the AI wingmen of Grindr users will be able to chat with each other so they can offer a “robust view” of a match before the user decides to meet in person. “Bot-to-bot conversation not only saves the humans time, it might also spot dating deal-breakers early on,” he told WSJ.

Match Group CFO Steven Bailey

Image: Match Group

Match Group has promoted Steven Bailey to the position of CFO, taking over for Gary Swidler as he continues in his role as president of the company.

Bailey is currently senior vice president of financial planning and business operations at Match Group, according to Reuters, and will assume his new position on March 31st. According to Reuters, his appointment signals the company’s commitment to “long-term strategic growth” and “strong cost discipline.”

Match Group’s most popular app Tinder has seen paying users and revenue fall in recent quarters, though Hinge continues to grow. The company has allocated a lot of resources to AI-driven features like photo selection and prompts that provide users help with crafting messages and bios, which seem to be the direction many dating apps are going. In fact, Grindr is testing out a new virtual wingman using generative AI.

Dating apps may be inadvertently helping contribute to greater income inequality, according to a new economic study.

According to The Independent, researchers at the Federal Reserve Banks of St. Louis and Dallas and Haverford College found that at least half of the rise in income inequality between 1980 and 2020 can be attributed to changing preferences and the rise of online dating. Because of how easy it is to filter based on preferences, people are more likely now to marry someone in the same socioeconomic bracket than they were before.

According to The Independent, researchers specifically tracked education, race, income, skill level and age of recently married people between 2008 and 2021, as dating apps became more popular. The findings suggest that people are marrying someone more like themselves than they were likely to in earlier years, which the researchers have tied to half of the increase in household income inequality during the same period. When higher-earning people couple up and lower earners do as well, it grows the disparity.

New gay dating apps like Scruff and Archer are positioning themselves to capture a bigger portion of the LGBTQ+ online dating market as Grindr complaints and technical issues rise.

Grindr has long been the most popular dating app for gay daters, but recently people have posted complaints on social media and online forums, saying that they are experiencing technical issues, not getting access to the features they paid for, and other problems, according to Mashable.

This year, Grindr has experienced significant bugs and periods of downed service. At the same time, it has asked its users to pay more to access certain popular features, including limiting both “taps” and “explore” features and requiring them to buy subscriptions.

The new dating app industry code of conduct established by the Australian government has taken effect as of October 1st, requiring dating apps to adhere to certain standards in an effort to better protect their users.

The new code requires dating apps to make “prominent and transparent” to users how to report someone or file a complaint on their platforms, according to Associated Press. The code also requires dating apps to detect potential incidents of online harm, and that the accounts of offenders are terminated.

A pervasive problem is that users who have been blocked on one platform can join another, so the reporting process is key. Communication Minister Michelle Rowland said in a statement: “If there are grounds to ban a particular individual from utilizing one of those platforms, if they’re banned on one platform, they’re blocked on all platforms,” according to AP.

Dating app companies like Tinder and The League are betting on in-person events to drive engagement on their online platforms and help attract new users.

According to The New York Post, dating app The League organized high-end events in New York, the Hamptons and even at the U.S. Open to drive engagement on its platform as well as to generate revenue. In fact, senior VP and head of marketing Lisa Kraynak told the Post: “It’s the beginning of a hybrid model in our largest market. The future is some combination of in-person, online and artificial intelligence.”

Dating apps have seen a decline in paying users in recent quarters, leading companies to try new features and even branch out into event organizing to appeal to daters who have become burned out from swiping. This hybrid model could prove effective, since dating apps are still the most popular way to meet people, according to recent studies, but coupling that with in-person events give people a better chance at connecting.