A Study of the Impact of Artificial Intelligence Such As ChatGPT on the Total Factor Productivity of Firms

Xintong Lian ()
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Xintong Lian: Shanghai Yichuan High School

A chapter in Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), 2024, pp 521-530 from Springer

Abstract: Abstract Artificial Intelligence, as an important component of enterprise digital economy, is a key kinetic energy for enterprises to enhance total factor productivity and realize high-quality development. And the widespread use of the new AI ChatGPT marks a new milestone for AI. Based on the existing theories, this paper mainly analyzes the impact of the application of ChatGPT on the technical efficiency, allocation efficiency and scale efficiency of enterprises, and further explores the impact of ChatGPT on the total factor productivity of enterprises. The study found that ChatGPT promotes the development of technology within the enterprise through its collection and analysis of natural language processing technology and data, thereby reducing costs, maximizing the use of resources, controlling the size of the enterprise, and achieving optimal production scope. It has a positive effect on the technical efficiency, allocation efficiency, and scale efficiency of the enterprise, helping the enterprise to improve total factor productivity and gain competitive advantage.

Keywords: ChatGPT; Artificial Intelligence; Total Productivity Factor; Digital Economy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-441-9_45

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DOI: 10.2991/978-94-6463-441-9_45

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