While the AI chatbot ChatGPT became popular late last year, a video game company appointed an AI bot as CEO long before. According to the data obtained, the artificial CEO also managed to increase the value of the company in the stock market at a significant rate.AI becomes CEO
In August, Chinese game company NetDragon Websoft announced that it had appointed an “AI-powered humanoid robot” named Tang Yu to head its subsidiary Fujian NetDragon Websoft. NetDragon shares have since outperformed the Hang Seng Index, which tracks the largest companies listed in Hong Kong. According to Google Finance, the company’s shares have risen 10 percent in the last six months and are worth over $1 billion.
During the announcement, NetDragon said the bot will increase efficiency for decision-making and risk management, and will help to “provide a fair and efficient workplace for all employees.” “We believe AI is the future of corporate governance,” NetDragon Chairman Dejian Liu said in a press release, emphasizing the adoption of AI to improve the way business is run and drive strategic growth. He stated that it is part of their transformation goals.While NetDragon was the first company to appoint a robot as CEO, Alibaba founder Jack Ma predicted in 2017 that “a robot would be on the cover of Time magazine as the best CEO in 30 years.” Nowadays, technology companies, especially Microsoft and Google, want to add artificial intelligence to their products. It is reported that the most advanced artificial intelligence is OpenAI’s newly announced GPT-4 model. The GPT-4 has already proven that it can pass a wide variety of exams, including the Bar Association, the LSATS (Law School Admissions Test), and the SAT (Educational Aptitude Test) Reading and Mathematics tests.
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