Features

Online dating is the most popular way to meet, thanks to dating apps like Tinder that made it fun to swipe right and easily match with a stranger. But the introduction of AI technology to the online dating industry could change how people interact yet again, which means that swiping might become a thing of the past.

It’s hard to believe when dating apps are so ubiquitous. But a recent article on NBCNews’ website delved into the potential of incorporating AI into the online dating experience, and how that might change dating culture.

We rely on technology and its advances; it has become a huge part of how we function and communicate, and will continue to evolve. As one researcher noted, twenty years ago, who would have thought services like Uber and Lyft could exist, where people virtually asked strangers to give them rides?

Whitney Wolfe Herd, founder and CEO of female-friendly dating app Bumble, was just named to Forbes’ “30 Under 30” list, and is featured on its December 2017 cover. This is no small feat – her dating app has amassed a large following with 70% year-on-year growth, according to the article, and has 22 million registered users. In comparison Tinder has 46 million registered users and last year saw growth at 10%.

The company is also being eyed by Match Group, owner of dating app rival Tinder, and is said to be in talks for over a billion dollars as an asking price. Herd turned down the company’s original offer of $450 million, according to recent reports.

With the end of the year rapidly approaching, dating services have released a flood of updates and new features to close 2017 on a high note.

Coffee Meets Bagel Updates

Coffee Meets Bagel took a cue from Snapchat and introduced ephemeral video in the form of a ‘question of the day’. Users may record up to eight seconds of video answering the question, which then appears in the video section for other users to browse. The section is wiped clean every 24 hours to make room for a new question.

“We learned that people don’t really feel a connection to each other until they meet, which makes any dating app feel like a lot of work,” said cofounder and COO Dawoon Kang. “We wanted to figure out a way for users to make a genuine connection from right within the app, and so we decided on video.”

Dating sites regularly add new features to help users find love and stay competitive in an increasingly crowded market.

Over the years we’ve seen Coffee Meets Bagel partner with Yelp and Spotify, Tinder ramp up its famous swipe with Super Like, The League copy it with Power Play, Bumble introduce a time limit for responding to matches, and that’s barely the tip of the updates iceberg.

OkCupid, too, is no stranger to launching new features. Back in 2009, the site debuted its A-List premium paid subscription. In 2013, it experimented with (and quickly ditched) a sister app called Crazy Blind Date. In 2014 and 2015 came expanded options for gender self-identification and the Identity Project. In 2016, OkCupid released an update for nonmonogamous daters, and most recently, users were introduced to a Member Pledge and photo commenting.

But not every update makes the cut.

Tinder’s new CTO Maria Zhang has her work cut out for her: she’s tasked with making the popular dating app Tinder more engaging for users around the world, and moving away from the mindless swipe the app introduced. She also wants to create a better user experience specifically for female Tinder users.

According to a feature in PC Magazine, Zhang hired a team of female developers to help her craft new premium features and make Tinder more inclusive for users in other countries, who don’t meet or date people in the same way Americans do. She also opened a satellite tech office in Silicon Valley in addition to hiring staff for the L.A. headquarters.

Match Group LLC stock got a boost in early October, thanks to the success of Tinder Gold. The new premium app was among the top apps in the Apple Store, not just among dating apps, but alongside Netflix and Pandora. Match shares were up 3.6% Wednesday October 11, and the stock has jumped more than 50% since the start of the year.

But one question on investors’ minds is: what should we expect from Match Group’s other dating apps?

Match Group owns four of the five most popular dating sites, including Match, OkCupid, Plenty of Fish and Tinder, along with several niche dating sites. The problem for investors despite the good news is that these older sites have gotten less attention in Match Group’s overall valuation, because they aren’t generating the users or attention that Tinder does on an ongoing basis, despite their longevity in the online dating market.