by Artificial intelligence is on everyone’s lips thanks to ChatGPT and the recently announced GPT-4. while some argue the potential of AI to replace humans in many jobs, some companies already do it. Such is the case of NetDragon Websoft, a Chinese company that has been operating massive online games for two decades.
In accordance with Business Insider, NetDragon Websoft Appointed an AI Bot as CEO. Tang Yu, a humanoid robot powered by artificial intelligence, became CEO of the company long before ChatGPT exploded in popularity. The Hong Kong-based company announced in August 2022 that Yu would take the reins, becoming the first of its kind to do so.
The idea of naming an AI as CEO was aimed at transform business management and improve the company’s operational efficiency. According to NetDragon Websoft, Tang Yu streamline the flow of processes, improve the quality of work tasks and their execution. In theory, artificial intelligence would make business decisions in real time and would ensure an efficient and fair workplace for all.
We believe that AI is the future of business 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 strategic growth. future.
Dejian Liu, President of NetDragon Websoft
What NetDragon never suspected is that a move designed for the metaverse would work out for them six months later. Not only Promise to improve efficiency was fulfilledbut having an AI-powered CEO translated into a 10% increase in the value of the company’s stock.
An artificial intelligence would be the ideal employee of a dystopian future
Within six months, Tang Yu became the best employee of NetDragon Websoft. The CEO successfully accomplished the tasks required of a CEO, such as making decisions, assessing risks, and fostering an efficient workspace. This he did to work 24 hours every day of the week without demanding a salary or annual compensation.
In an age where a company has the luxury of laying off thousands of employees while paying millions of dollars to a CEO, the idea of automating this position does not sound far-fetched. An analysis of The Hustle shows how Warner Bros. Discovery paid $247 million to David Zaslav, despite sinking the company’s stock value and earning himself the title of “worst CEO of the year” in 2022. Boeing CEO David Calhoun pocketed $21 million dollars despite the debacle of the 737 Max that led to losses of 12,000 million dollars.
ChatGPT does not believe that an AI can serve as CEO
Replacing a CEO with an AI is something that even ChatGPT does not consider possible. According to the chatbot, it is possible that in the future an intelligence can make business and administrative decisions at CEO level. However, there are two factors to consider.
First of all, although an AI can be programmed to make decisions based on data and analysis, social and emotional skills are also needed to lead a work team and make difficult decisions in complex situations. A human CEO’s ability to communicate effectively, motivate her team, and manage stress and pressure is important to a company’s success.
Second, the role of the CEO goes beyond making business decisions. CEOs also represent their companies in the industry and community, and set the company’s vision and values. An AI may not have the ability to understand and respond to the needs and expectations of external stakeholders.
ChatGPT
According to ChatGPT, while it is possible that an AI could replace a CEO in some tasks, unlikely to take on the leadership role of his human counterpart. In contrast, the chatbot believes that artificial intelligence will have a significant impact on the job market and some of us will lose our jobs. That is why we need to acquire skills and knowledge that allow us to adapt to new dynamics.
