CFTC Warns of Dating Scams, Tinder Adds AI Features

The Commodity Futures Trading Commission has launched the 'Dating or Defrauding' campaign to raise awareness about relationship investment scams, which have resulted in nearly $4 billion in losses in 2023. These scams often target individuals on dating apps, exploiting their emotions for financial gain. In response to declining user engagement, Tinder plans to introduce AI-powered features to provide more personalized matches and combat inappropriate messages. The dating app industry is evolving with the use of AI, as seen with Iris Dating, which matches users based on facial preferences, significantly increasing mutual matches. As Valentine's Day approaches, experts warn of the increased sophistication of such scams. Meanwhile, Tinder aims to enhance user experience by clarifying dating intentions and addressing AI-related threats.