Industry

Dating app Hinge is looking for a new head of AI, and is willing to pay almost $400K to the right person who will lead the team.

AI has become increasingly important to dating apps, and Match Group CEO Bernard Kim is capitalizing on the versatile technology to expand product offerings, especially for star app Tinder. Now, he’s focusing efforts on AI for its fastest-growing dating app, Hinge.

According to Business Insider, the new position was created to confirm Hinge as an “AI-first company.” The VP of Artificial Intelligence will lead a team of data scientists and machine learning engineers “to create and deploy AI features across the app,” as reported by Business Insider. The new hire will be based in New York, and report to Ben Celebicic, Hinge’s Chief Technology Officer.

Grindr has issued a return-to-the-office policy for all workers, forcing them to relocate to one of the company’s three main offices by October 3rd or lose their jobs. Employees say this is a retaliatory move, since it comes two weeks after they announced their plan to form a union.

According to Vice, who obtained the certification form that was sent to workers, the policy states that employees must move to within 50 miles of their newly designated office or they will lose their jobs.

Workers were given the choice to move to either Chicago (for the engineering team), and Los Angeles or San Francisco (for the product and design teams), and if they were not willing to relocate, their jobs would end August 31st. Workers were offered six months’ severance pay and healthcare benefits if they lost their jobs, according to the memo issued by the company.

Shares of Bumble fell 4 percent in early August after the company shared its relatively “lackluster” third-quarter revenue forecast, coupled with a sharper rise in its operating expenses, according to Reuters.

This rise in spending concerned investors, especially after Tinder’s parent company Match Group recently predicted that its third quarter revenue would be higher than analyst expectations, despite its own spend on development and marketing. The company has struggled lately with Tinder, and has been implementing new features to increase in-app revenue and expand its userbase. The company also recently announced it will be launching a high-end service for users who are willing to pay as much as $500 per month.

Bumble meanwhile shared that its operating expenses had jumped 7 percent in the second quarter with additional spend on product development and marketing.

Dating app Tinder is testing an AI feature that will select the best profile photos for users, according to reports from parent company Match Group’s latest earnings call.

Tech Crunch noted that the AI feature will examine a Tinder member’s photo album and select five that “best represents them for their dating profile.” According to Match Group CEO Bernard Kim, choosing pictures is a stressful process for daters, and typically they have doubts about which ones they pick, what he labeled as a “pain point” on the earnings call.

“Sometimes, people are really excited to jump into the Tinder experience,” Kim said. He continued: “then in that exact moment where you upload five pictures, people get generally nervous or uncomfortable, like, ‘What is the right picture that I’ve taken over the last year to make my dating profile more me?’”

A supermajority of Grindr employees have launched a campaign to form a union, announcing the plan via the Communication Workers of America (CWA) to collectively fight for layoff protections, preserve current benefits, add cost of living pay raises, and strengthen LGBTQ+ rights in the workplace, among other demands.

According to Grindr United’s press release announcing its formation, about 100 eligible members from departments across the company including cloud engineering, customer experience, design, engineering, IT, marketing, privacy, product and quality assurance signed representation cards at Grindr.

Employees are asking Grindr management to recognize their union, but if they refuse, employees will petition the National Labor Relations Board to hold an election, according to The Los Angeles Times. (U.S. Labor law allows companies to negotiate and recognize a union once they have signed up a majority of employees (which Grindr United has), or to hold out for a government-run election.)

Match Group’s stock rose 21.3 percent during the month of June thanks to analysts’ more positive expectations of a turnaround at Tinder, and CEO Bernard Kim’s large insider buy of the company’s shares.

According to Motley Fool, there is new confidence among analysts in the dating company’s stock, which had been falling in part due to struggles with its flagship dating app Tinder, which led to the company falling short of revenue expectations in the first quarter of 2023.

To respond to concerns of falling subscriptions, the company has been promoting new premium in-app features. It has also invested in a huge marketing campaign for Tinder aimed at Gen Z, its fastest-growing audience. The effort seems to be working, since Gen Z is its fastest-growing audience.