- Cerca got a flurry of attention from VCs after it was featured on Emily Sundberg’s widely circulated FeedMe newsletter in March, and by June, it had secured a $1.6 million seed investment from Corazon Capital, which is led by a former CEO of Match Group and founder of OkCupid.
- Raya, an invite-only $24.99-a-month dating app, is another VC darling that is increasing in popularity. The app, known for being used by celebrities and wealthy socialites, has a waitlist of 2.5 million people, the company recently told The Wall Street Journal.
- Even Meta is sensing an opportunity, announcing in September that it would expand Facebook Dating, which launched in 2018 with little fanfare. The new features, which it said are meant to address “swipe fatigue,” include an AI dating assistant and “Meet Cute,” which provides personalized matches through an algorithm rather than swiping.
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Both the rise of new apps like Cerca and Facebook’s Meet Cute point to a user who increasingly values getting off the app. |
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The dating app market is getting as cutthroat as the dating market, and the pair of publicly traded companies that dominate the field — Bumble and Match — are trying to keep up. In January, Bumble reinstated its founder, Whitney Wolfe Herd, as CEO after she stepped down a year earlier. Blackstone, one of its largest shareholders, sold a chunk of its stake in the company earlier this year. And in February, Match Group tapped Zillow cofounder Spencer Rascoff as its CEO. Rascoff, who served on the board since March 2024, acknowledges that Tinder is where it is because it didn’t innovate. |
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Broadcom spiked nearly 10% yesterday after the chip designer announced that it’s collaborating with OpenAI to develop and deploy 10 gigawatts of custom AI accelerators for use across data centers. The companies said these racks and systems will start to be in service in the second half of 2026 and fully completed by the end of 2029. |
- There were no details on financial terms in the press release, though The Wall Street Journal said the new agreement is worth “multiple billions of dollars,” citing people familiar with the matter.
- “The racks include Broadcom’s end-to-end portfolio of Ethernet, PCIe and optical connectivity solutions, reaffirming our AI infrastructure portfolio leadership,” Charlie Kawwas, president of Broadcom’s semiconductor division, said in the press release.
- “By building our own chip, we can embed what we’ve learned from creating frontier models and products directly into the hardware, unlocking new levels of capability and intelligence,” said Greg Brockman, OpenAI cofounder and president.
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Yesterday’s Big Daily Movers |
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- Earnings expected from JPMorgan Chase, Johnson & Johnson, Wells Fargo, Goldman Sachs, Citigroup, BlackRock, Domino’s Pizza, and Albertsons
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