Shanghai Science and Technology Innovation Fund President: Artificial intelligence brings not only iterative technological upgrades but also a revolutionary restructuring of the factors of production.

Yang Bin, President of the Shanghai Science and Technology Innovation Fund, stated that the diminishing dividends from traditional factors signal a critical juncture in China’s economic transition—from old growth drivers to new ones. The rise of artificial intelligence does not merely represent incremental technological upgrades; rather, it signifies a revolutionary restructuring of production factors. He offered a clear assessment: data has become the core production resource; algorithms, the core production technology; and computing power, the new type of infrastructure. Their convergence breaks through resource constraints and efficiency bottlenecks—not as an abstract concept, but as a tangible transformation unfolding on the front lines of industry. (Xinhua Finance)