Gaming Company Makes AI Bot as CEO, Record-Breaking Rise in Stock Market
Artificial intelligence has been making its presence known across different industries for quite some time now. From autonomous cars to facial recognition technology, the possibilities of AI are limitless. Recently, a gaming company has taken a step forward in AI implementation, by making an AI bot its CEO. This decision has resulted in the gaming company’s stocks hitting a record-breaking high.
NetDragon Websoft has appointed an AI bot to be its new CEO.
A Hong Kong-based gaming company NetDragon Websoft, made a groundbreaking decision to appoint an AI bot as its CEO before the popular AI chatbot, ChatGPT, became well-known. The AI bot, named Tang Yu, was chosen to lead the NetDragon Websoft company, resulting in a significant boost in the company’s stock market performance, outperforming even the Hong Kong stock market. NetDragon Websoft explained that Tang Yu was tasked with spearheading the implementation of AI technology to revolutionize corporate management and enhance operational efficiency to unprecedented levels. This move demonstrated the potential for AI to replace humans in certain scenarios.
Tang Yu, the AI CEO of the gaming firm Net Dragon Websoft, was assigned normal duties for the organization that included reviewing the most advanced analytics, making management decisions taking risk assessments, and fostering a more efficient workplace. Tang Yu was the first CEO of a company who operated 24 hours a day without compensation . The company claimed when they appointed the AI chatbot as its CEO that it would be a key factor in the growth of talent and ensuring a wide and productive workplace for everyone.
Remarkably, the AI bot contributed to the company’s revenue generation. According to reports, NetDragon Websoft outperformed the Hang Seng Index, which monitors the largest Hong Kong-based companies.
According to The Hustle, a stock market performance tracker, NetDragon Websoft’s shares have risen by 10% compared to their value six months ago. This surge in value could be attributed to multiple factors, including heightened demand for the company’s products or services, better financial performance, or favorable news about the company. The company’s present market capitalization is around HK$9 billion, equivalent to $1.1 billion.
Dejian Liu, the Chairman of NetDragon, commented on the appointment of the AI CEO, stating that the company firmly believes that Artificial Intelligence (AI) is the future of corporate management. They are dedicated to leveraging AI to revolutionize their business operations, which is exemplified by the appointment of Ms. Tang Yu. The company intends to extend the algorithms supporting Tang Yu to establish a management model that is transparent, interactive, and open. Additionally, they plan to transition to a metaverse-based working community to attract a more diverse pool of talent worldwide and accomplish greater objectives.