The academic team

On the afternoon of May 21, the 87th academic lecture of the Jiao Hu Financial Forum series was successfully held in the conference room on the 4th floor of the School of Finance. This lecture specially invited Professor Yu Minggui, Dean of the School of Finance at Zhongnan University of Economics and Law, to deliver an academic lecture titled Public Computing Power and AI Innovation of Small and Medium-Sized Enterprises to teachers and students of the School of Finance. The lecture was hosted by Wang Hongjian, Vice Dean (taking the lead in administrative work) of the School of Finance. 

In the lecture, Yu Minggui elaborated on the impact of public computing power on the AI innovation of small and medium-sized enterprises (SMEs). He pointed out that public computing power can significantly increase the number of AI patent applications of SMEs, and this effect is more pronounced in AI-related enterprises. Yu further explained three key mechanisms of public computing power: reducing the cost of computing power usage for SMEs, encouraging enterprises to invest more funds in research and development, and motivating enterprises to allocate more capital to human capital. In addition, Yu discussed the heterogeneity of the impact of public computing power. He found that in regions with larger computing power scales and more computing power subsidies, the promoting effect of public computing power on enterprises' AI innovation is more significant; in terms of enterprise characteristics, public computing power has a stronger boosting effect on the AI innovation of private enterprises and small-scale enterprises. Through further analysis, Yu also discovered that public computing power can generate spillover effects of AI innovation and improve enterprises' total factor productivity (TFP). 

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During the interactive session, teachers and students raised questions actively, and Yu Minggui answered their questions patiently. He emphasized that when writing academic papers, one should focus on important issues with practical and academic innovation, and encouraged teachers and students to conduct in-depth research on practical problems and persist in studying without giving up when encountering difficulties. Thus, this academic lecture concluded successfully. The discussion atmosphere during the lecture was extremely intense, which promoted academic exchanges between teachers and students.