Chinese game company raises shares by appointing… AI as CEO

Chinese game company raises shares by appointing… AI as CEO

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2023-03-19 07:34:27

Last year, NetDragon Websoft appointed a new CEO who is not a human but an AI bot. This utopian solution eventually helped the Chinese company increase the value of its stock.

The Hustle recently released an article titled “Should We Automate CEOs?” to review the results of NetDragon’s artificial intelligence CEO replacement test. The company compared with the Hang Seng Index, which tracks the largest companies listed in Hong Kong, and the stock is up 10% in the past six months. According to Google Finance, the company’s shares are up 10% in the past six months and are worth about HK$9 billion ($1.1 billion).

NetDragon Websoft appointed its first Virtual CEO in August 2022 as part of its progress towards becoming a “Metaverse organization”. AI CEO Tang Yu is responsible for streamlining process flow and improving execution speed, while serving as a real-time data center and analytics engine.

Company growth index.

“In the future, we will continue to expand our algorithms behind Tang Yu to build a highly transparent, interactive, and open governance model as we gradually transition to a community-based work environment. on the metaverse, this will allow to attract more talent from all over the world and help achieve bigger goals,” said NetDragon president Dejian Liu.

Founded in 1999, NetDragon is a Chinese company that develops and operates products in various industries, including video games. In addition to creating in-house titles, it also develops third-party IP-based games from Disney, Electronic Arts, and other Western companies. NetDragon has MMO games like Conquer Online, Eudemons Online, Disney Fantasy Online, and School of Dragons. The company also created 91 Wireless, one of China’s largest third-party Android app stores, but sold it to Baidu for $1.9 billion.

Even before the chatbot AI ChatGPT made headlines late last year, a video game company said it had placed a bot as its CEO. Earlier, Chinese game company NetDragon Websoft announced it had appointed an “AI-powered virtual humanoid robot” named Tang Yu as the chief executive officer of its subsidiary, Fujian NetDragon Websoft.

They believe that AI is the future of business management, and the appointment of Ms. Tang Yu demonstrates a commitment to truly embracing the use of AI to change the way businesses operate and ultimately drive strategic growth. strategy in the future. NetDragon President Dejian Liu pioneered this.

While it may be the first company to appoint a bot as CEO, Alibaba founder Jack Ma once said in 2017 that “a robot will probably appear on the cover of Time magazine as the best CEO.” for 30 years,” CNN reported.

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