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Company that made AI its CEO witnesses stocks surge

Tang Yu, an AI program, was appointed CEO of China-based NetDragon Websoft in August.

An artificial intelligence bot serving as the CEO of a video game company has announced a market-beating stock gain. Tang Yu, an AI program, was appointed CEO of China-based NetDragon Websoft in August, responsible for assisting in decision-making for everyday operations.

In the six months since its appointment, the “AI-powered virtual humanoid robot” has managed to outperform Hong Kong’s Hang Seng Index. Now that NetDragon Websoft’s share price has increased by 10%, the company is worth more than $1 billion.

Company founder Dejian Liu said, “We believe artificial intelligence is the future of corporate management, and our appointment of Tang Yu represents our commitment to truly embrace the use of AI to transform the way we operate our business and ultimately drive our future strategic growth.” 

Read More: BIBF Announces Campus In The Metaverse

According to Dr. Liu, the appointment was a component of the company’s plan to become a “metaverse-based working community.”

Interestingly, Jack Ma, the founder and chairman of Alibaba Group predicted in 2017 that a robot would probably be featured as Time Magazine’s best CEO in 30 years.

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Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.

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