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Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the appointment of an AI digital person, Aileen, as its new Chief Information Officer (CIO) on May 15, 2024. The company developed Aileen using advanced AI and gaming technologies to create a highly realistic digital persona with sophisticated language interaction capabilities. Aileen will collect industry information and support decision-making for BHAT's management team. Furthermore, Aileen will interact with investors and media on the company's website. CEO Chen Xiaodong emphasized the transformative potential of AI in business, predicting significant opportunities for small and medium-sized companies utilizing AI technologies.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced its audited financial results for the Fiscal Year 2023, with a revenue increase of 33 times compared to the previous year. The company achieved a revenue of $73.68 million in 2023, primarily driven by the robust expansion of its commodity trading business, particularly in jewelry and gold trading. Despite the significant revenue growth, Blue Hat reported a net loss of $21.72 million for Fiscal Year 2023, attributed to bad debts and asset impairment from divested businesses. However, the new business line of commodity trading contributed a profit of nearly $1.2 million. CEO Mr. Chen Xiaodong highlighted the company's strategic transition and plans for further expansion in commodity trading, online gold derivatives trading, and embracing artificial intelligence.
