Affiliation:
1. Sun Yat-sen University, China
Abstract
This chapter explores how OpenAI's technologies boost multifactor productivity (MFP) in Chinese firms. MFP measures output efficiency against inputs like capital and labour. The chapter examines China's fast tech adoption and evolving industry. It highlights how integrating OpenAI's algorithms and machine learning improves Chinese companies' operational efficiency, decision-making, and innovation. Case studies show OpenAI's role in optimizing resources, enhancing output, and economic growth in key Chinese industries. The chapter also discusses AI-driven productivity's impact on China's GDP, global competitiveness, and its shift to a knowledge-based economy. It ends with a future outlook on challenges and opportunities in this area.