The impact of artificial intelligence technology innovation on economic development -- from the perspective of generative AI products

Abstract

The new generation of artificial intelligence products, represented by ChatGPT and Wenyan Yixin, is rapidly and extensively integrating into human production and life at an unprecedented pace, breadth, and depth. Generative artificial intelligence possesses distinct characteristics and functionalities compared to rule-based artificial intelligence, exerting a more prominent dual impact on the high-quality development of China's economy. On the one hand, it can promote high-quality economic development through empowering effects such as innovation-driven effects, enhanced production efficiency, and industrial transformation and upgrading effects. On the other hand, it may give rise to deep-seated risks, including labor market disruptions, market monopolization issues, national security risks, and misinformation phenomena, which could hinder high-quality economic development. It is crucial to have a correct understanding and a scientific approach, leveraging its positive effects while proactively addressing negative impacts, guiding it to better serve the needs of China's high-quality economic development.