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NetDragon appoints AI bot as new CEO, sees record-breaking growth in stock market

NetDragon: Can artificial intelligence take the role of people? Yes, it can replace them in some circumstances. An AI bot was named the new CEO of a gaming company in Hong Kong long before ChatGPT, an AI chatbot became famous. Tang Yu, an AI robot, was appointed CEO of the business NetDragon Websoft. The company outperformed Hong Kong’s stock market in addition to experiencing a significant increase in the stock market. According to the business, the AI chatbot was chosen as a pioneer in the application of AI to improve corporate management and increase operational efficiency.

The regular tasks of the business were given to Tang Yu, the AI CEO of the gaming company NetDragon Websoft, which included analyzing high-level analytics, making leadership decisions, assessing risks, and creating an effective workplace. The first CEO of a business that operated continuously without payment was Tang Yu. The business said that by designating the AI chatbot as CEO, it would play a significant part in the cultivation of talent and guarantee a productive workplace for all staff members.

The hiring of Tang Yu is a crucial step in the company’s transformation into a “Metaverse organization” and shows its “AI + management” strategy. Process flow will be streamlined, work tasks will be of higher quality, and execution time will be increased thanks to Tang Yu. Tang Yu will also function as a real-time data hub, an analytical tool, and a means of enabling a more powerful risk management system, according to a blog post by NetDragon Websoft.

It’s interesting to note that the AI bot assisted the business in making money. The company reportedly outperformed the Hang Seng Index, which measures the performance of the largest companies listed in Hong Kong.

The Hustle, a website that monitors stock market performance, reports that the company’s shares had grown 10% since six months ago.

The firm’s current market capitalization is roughly HK$9 billion, or $1.1 billion, and this growth in value can be ascribed to a variety of factors, including increasing demand for the company’s goods or services, stronger financial performance, or positive news about the company.

Speaking on the AI CEO, Dejian Liu, Chairman of NetDragon, stated that the organization believes Artificial Intelligence (AI) is the future of corporate management and they are devoted to embracing the usage of AI to alter their business practices. Ms. Tang Yu has been chosen by them to stand in for their dedication to this objective. The individual continues by stating that they intend to keep developing their algorithms to support Tang Yu in order to create an open, interactive, and transparent management approach. They also emphasize their aspirations to evolve into a metaverse-based working community, which will allow them to draw in more talent from around the world and accomplish more ambitious objectives.

Harsh Soni
Harsh Soni
Harsh is pursuing a graduation in Medicine. He has been working as a creative writer and news editor for the past 4 years. He is passionate about writing and learning new concepts.


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