Appointing AI Robot as CEO, a Chinese company’s Share Price Increases by 10%

In August , the Chinese gaming company NetDragon Websoft appointed an “AI-powered virtual humanoid robot” named Tang Yu as the CEO of its subsidiary, Fujian NetDragon Websoft. According to the company, Tang Yu’s appointment as CEO is intended to increase efficiency in decision-making, risk management, and ensure a fair and efficient workplace for employees. The appointment of Tang Yu is a clear sign of the company’s commitment to embracing AI for corporate management.

NetDragon’s chairman, Dejian Liu, said that Tang Yu’s appointment as CEO demonstrates the company’s commitment to embracing the use of AI for corporate management. “We believe AI is the future of corporate management, and our appointment of Ms. 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,” he said in a press release. “We will continue to expand on our algorithms behind Tang Yu to build an open, interactive, and highly transparent management model as we gradually transform to a metaverse-based working community.”

NetDragon was founded in 1999 and has developed several popular multiplayer games, including Eudemons Online, Heroes Evolved, and Conquer Online. The company also created China’s first online gaming portal, 17173.com. Since the appointment of Tang Yu, NetDragon’s stock has outperformed the Hang Seng Index, which tracks the largest companies listed in Hong Kong. According to Google Finance, the company’s shares have increased by 10 percent over the past six months, and are now valued at approximately HKD 9 billion.

While some experts argue that there are several jobs that could eventually be replaced by AI, Chief Executive was not among them. However, Alibaba founder Jack Ma predicted in 2017 that “a robot will likely be on the cover of Time magazine as the best CEO in 30 years,” as reported by CNN. Meanwhile, ChatGPT listed ten jobs that it thinks AI cannot replace, including social workers, healthcare professionals, teachers, artists, scientists, lawyers, writers, personal care workers, customer service representatives, and entrepreneurs. It should be noted that AI is still in its nascent stage, marked by pilots and prototypes, before industry-wide adoption is seen across the globe.

NetDragon’s decision to appoint an AI-powered virtual humanoid robot as the CEO of its subsidiary, Fujian NetDragon Websoft, has generated mixed reactions from the public and industry insiders alike. While the company believes that the appointment of Tang Yu as CEO will increase efficiency and transparency, there are still concerns about the impact of AI on jobs and the workforce. The decision highlights the potential benefits of AI in the workplace, and as the technology continues to evolve and become more advanced, it is likely that we will see more companies experimenting with AI-powered solutions in various aspects of their operations.

techbiz.network May loc khong khi
Samsung air purifier |40m2 AX40R3030W|, with dust filtering capability level PM0.3, killing 99% of germs

Ho Chi Minh City Unveils Multi-Functional AI Livestream Shopping Center

Bitcoin Spot ETF Approval and Its Impact on Crypto Market Transformation

TikTok’s shift to long-form content sparks concerns among creators

Huawei’s Inpiring comeback story in the face of adversity

Nike’s cautionary tale reflects global economic uncertainty

A Week of Innovations, Challenges, and Elon Musk’s Sarcastic Sidekick

Meta Introduces Subscription Service for Facebook and Instagram Users in Europe

China Grants First-Ever Approval for Fully Autonomous Passenger-Carrying Air Taxis

Adobe MAX 2023: Introducing the Next Generation of Creativity, Powered by AI

Apple’s Missed Opportunities with Bing and DuckDuckGo Deals

techbiz.network Open AI Sora

OpenAI’s Sora Unleashes Social Media Storm

OpenAI, renowned for its groundbreaking AI models like ChatGPT, recently launched Sora, a text-to-video model that has left the public …
techbiz.network from Bard to Gemini

From Bard to Gemini: Google’s Next-Generation AI Evolution

Google has recently made significant strides in the realm of artificial intelligence with the transformation of its AI chatbot, Bard, …
techbiz.network Open AI Sora

OpenAI’s Sora Unleashes Social Media Storm

OpenAI, renowned for its groundbreaking AI models like ChatGPT, recently launched Sora, a text-to-video model that has left the public …
techbiz.network from Bard to Gemini

From Bard to Gemini: Google’s Next-Generation AI Evolution

Google has recently made significant strides in the realm of artificial intelligence with the transformation of its AI chatbot, Bard, …
techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network travel in Hanam

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

On May 14th, at Tam Chuc Tourist Area in Kim Bang District, the People’s Committee of Ha Nam Province, together …
techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network Vietnam Airlines' Heritage Guide

Unveiling the Heritage Guide: Vietnam Airlines’ Exquisite Travel Companion for Exploring Vietnam

On June 15th, Vietnam’s national airline, Vietnam Airlines, officially launched a new travel guide publication called “Heritage Guide” on all …
techbiz.network Thomson Medical Group of Singapore accquires FV hospital

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam

Singapore’s Thomson Medical Group (TMG) has made a significant move in the healthcare sector by acquiring Vietnam’s FV Hospital, marking …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …
Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

In this eighth episode, we’ll learn about VinBrain, a VinGroup subsidiary dedicated to developing AI and IoT technologies for …
techbiz.network blockchain meets metaverse

Talks with Leaders, Special episode: Blockchain meets Metaverse, featuring business leaders, investors, tech experts and global influencers

On November 14, 2021, the live webinar Blockchain meets Metaverse was successfully organized by TechBiz with the participation of …
techbiz.network Open AI Sora

OpenAI’s Sora Unleashes Social Media Storm

OpenAI, renowned for its groundbreaking AI models like ChatGPT, recently launched Sora, a text-to-video model that has left the public …
Ho Chi Minh City Unveils Multi-Functional AI Livestream Shopping Center

Ho Chi Minh City Unveils Multi-Functional AI Livestream Shopping Center

On January 25, Ho Chi Minh City’s Research and Development Institute introduced a groundbreaking AI-powered livestream shopping center, marking the …

techbiz.network valentino joins metaverse

Valentino Joins the Metaverse: An Exciting Partnership with UNXD

Valentino, the iconic Italian fashion house, has announced its foray into the metaverse through a partnership with UNXD, the leading …

techbiz.network bitcoin etf

Bitcoin Spot ETF Approval and Its Impact on Crypto Market Transformation

Cryptocurrency enthusiasts are eagerly awaiting a potential breakthrough as the approval of a bitcoin spot ETF appears imminent, with the …

techbiz.network bitcoin etf

Bitcoin Spot ETF Approval and Its Impact on Crypto Market Transformation

Cryptocurrency enthusiasts are eagerly awaiting a potential breakthrough as the approval of a bitcoin spot ETF appears imminent, with the …

techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network Abode by Stuarte Semple challenges Adobe

Abode: Artist Challenges Adobe’s Dominance with Lifetime Creative Software Suite

Artist and activist Stuart Semple has embarked on an ambitious project to challenge the dominance of Adobe, the corporate …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …

techbiz.network thread lost 82% users

Threads App’s Rollercoaster Ride: Plummeting 82% of Users Raise Concerns for Meta’s Social Experiment

In early July, Meta, formerly known as Facebook, unveiled its highly anticipated social media offering, Threads. The platform, described as …

techbiz.network Michelin Guide

The Michelin Guide: Honoring Culinary Excellence and Unveiling Hidden Gems

The Michelin Guide, which began as a humble travel companion for motorists, has evolved into an iconic gastronomic authority. It …

techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network travel in Hanam

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

On May 14th, at Tam Chuc Tourist Area in Kim Bang District, the People’s Committee of Ha Nam Province, together …

techbiz.network Thomson Medical Group of Singapore accquires FV hospital

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam

Singapore’s Thomson Medical Group (TMG) has made a significant move in the healthcare sector by acquiring Vietnam’s FV Hospital, marking …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …