Artificial Intelligence: NetDragon Websoft, A Chinese Tech Company, Appoints A Virtual Humanoid Robot As CEO
The move is intended to pivot the company towards being a Metaverse organization.
NetDragon Websoft Holdings Limited (HKG: 0777), a listed Chinese company with global internet operations, has appointed Ms Tang Yu, an AI powered virtual humanoid robot, as the rotating CEO of its subsidiary Fujian NetDragon Websoft Co., Ltd.
The company said Tang Yu would streamline process flows, enhance quality of work tasks and improve speed of execution within the organisation, while serving as a real-time data hub and analytical tool for decision-making in operations. (CISION PR Newswire)
The company also said the appointment was a pioneering use of AI to transform corporate management, develop a talent pool, and ensure a fair and efficient workplace for all employees.
Ms. Tang Yu is said to be the first robot in the world to be designated for a corporate executive position. Should corner office occupants fear for their jobs?
Tang Yu: The Metaverse in sight
Dr. Dejian Liu, Chairman of NetDragon, commented, “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. Looking forward, 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, which will enable us to attract a much broader base of talents worldwide and put us in a position to achieve bigger goals.”
NetDragon currently has a market cap of $8.47 billion. The company is a major online game developer in China, has built Internet communities, and developed multiple Internet and mobile platforms such as Chinese app store platform 91 Wireless.
Related Story: Xiaomi Unveils A 177 Cm Tall Humanoid Robot That Can Walk Holding 1.5 Kg In One Hand
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…