After NetDragon Websoft appointed an AI-integrated bot to the position of CEO’, the game company recorded a share increase that outperformed the market.
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In August of last year, NetDragon Websoft, a Chinese company that develops and operates massively multiplayer online games and mobile applications, caused a stir when it appointed an AI program to make… CEO of the company. Dubbed Tang Yu and considered female, the AI is meant to “increase decision-making and risk management efficiency, as well as ensure a fair working environment for all employees”.
Tang Yu, AI appointed as CEO of game company NetDragon Websoft
Tang Yu is the company’s first CEO who works 24/7 without any compensation. Notably, after 6 months since Tang Yu took over at NetDragon Websoft, this company has become more and more profitable when the growth rate has been outstanding.
Specifically, the stock price of NetDragon Websoft is now up 10% compared to 6 months ago (when Tang Yu was appointed). This increase in value can be due to a variety of factors, such as increased demand for the company’s products or services, improved financial performance, or positive news about the company. The company’s current market capitalization is around 9 billion HKD, or 1.1 billion USD.
After 6 months of NetDragon Websoft using AI as virtual CEO, the company’s stock has increased by 10% in value
“We believe that AI is the future of business management. The appointment of ‘Ms.’ Tang Yu demonstrates our commitment to embracing and using AI to change the way businesses operate, thereby changing the way businesses operate. drive our future strategic growth,” company founder Dejian Liu said at the time of Tang Yu’s appointment. In the future, the company will continue to expand Tang Yu’s algorithm to build a transparent, open and highly interactive management system in the context of the company’s transition to a community-based model. metaverse.
NetDragon, founded in 1999, specializes in the development of online multiplayer games and China’s first online game portal. This is the first company to assign AI the CEO position. Alibaba founder Jack Ma has predicted since 2017 that “robots will appear on the cover of US Time magazine as CEO of the year” within the next 30 years.
