""We're making a big push around AI enablement. We're giving every employee in the company access to all the cutting-edge tools. We're giving them the training they need to succeed. We're setting expectations. We really want to become an AI-native company," Bailey said."
""We think it's a huge opportunity. But these tools cost a lot of money, as I'm sure you know, and so the way we're helping to pay for that is by slowing our hiring plans for the rest of the year," he added."
Match Group is experiencing a slight revenue increase from Tinder after previous declines. The CFO announced a hiring slowdown to allocate funds for AI technology and training for employees. This strategy aims to enhance productivity and ultimately drive revenue growth. Despite concerns about job losses due to AI, the company assures that the financial impact will be neutral, as reduced hiring will offset increased software costs. Tinder's user metrics show signs of potential recovery after years of struggles.
Read at TechCrunch
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