In August 2022, NetDragon Websoft, a Chinese video game company, announced that it had appointed an “AI-powered virtual humanoid robot” named Tang Yu as CEO of its subsidiary, Fujian NetDragon Websoft. Since then, NetDragon shares have outperformed the Hang Seng Index, which tracks the largest Hong Kong-listed companies, according to The Hustle.
An amazing fact, no doubt. But why has this news generated so much interest? In this article, we will analyze the impact that this appointment has had on the business world and on society in general.
What is Tang Yu and how does it work?
Tang Yu is a virtual humanoid robot powered by artificial intelligence that can speak, listen and learn. It was developed by a company called iFlytek, which specializes in speech recognition and natural language processing technology.
According to NetDragon, Tang Yu can help with decision making and risk management, as well as ensure a fair and efficient workplace for all employees. In addition, the use of this technology could increase the efficiency and productivity of the company.
How has the market reacted?
Since the announcement of Tang Yu’s appointment, NetDragon shares have risen 10% in the past six months, according to Google Finance. In addition, the company is already valued at about HK$9 billion ($1.1 billion).
The fact that a company uses artificial intelligence technology to appoint a CEO has been seen as a milestone in the business world. This move could inspire other companies to adopt similar technologies in decision making and human resource management.
What does this mean for the future of artificial intelligence in business?
Artificial intelligence has been around in business for years, but this announcement demonstrates a new level of trust in the technology. The fact that a company has appointed a robot as CEO shows how artificial intelligence is being seen as a useful and effective tool for business management.
Tang Yu’s appointment also suggests that artificial intelligence could be used to make decision-making more efficient and fair. If used correctly, AI technology could help ensure that all decisions are made fairly and that a wide range of perspectives are taken into account.