TechFlow News, May 10: Yang Bin, President of the Shanghai Science & Technology Innovation Fund, stated that the diminishing dividends from traditional factors signal a critical juncture in China’s economic transition from old to new growth drivers. Artificial intelligence is driving not merely incremental technological upgrades but a revolutionary restructuring of production factors. He offered a clear assessment: data has become the core production input; algorithms, the core production technology; and computing power, the new type of infrastructure. The convergence of these three elements breaks through resource constraints and efficiency bottlenecks—not as a theoretical concept, but as a tangible transformation unfolding across industrial frontlines. (Xinhua Finance)
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