BUSINESS INSIDER – Match Group has introduced AI budgets for employees as it expands AI use across the company. According to CFO Steve Bailey, each department receives an AI spending allocation that is tracked through a dashboard, with employees required to justify requests to exceed their budget. Bailey said the average software engineer spends $600 per month on AI tokens. Match Group initially budgeted $5M for AI in 2026 but now expects to spend ~$10M following CEO Spencer Rascoff’s push to make the company more AI-native. Bailey also said the company plans to slow hiring while it evaluates how AI will reshape its workforce.
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