Abstract:Abstract: In the era of artificial intelligence, how enterprises capture the development opportunities to transform the technological advantages of artificial intelligence into value advantages, to achieve "overtaking on the curve" and value creation is becoming the focus of enterprise development and value creation research. Based on the perspective of knowledge-based view, this paper adopts the multi-case study method and selects three ai application-oriented enterprises in different industries as cases to explore the external environment facing innovative technological change and how enterprises achieve value creation. The results show that :(1) the application of ai technology to value creation in enterprises includes two dimensions: cognitive transfer and dual capability shaping. Enterprises achieve value creation through horizontal and vertical cognitive transfer, and application and endogenous capability shaping. (2) Enterprise value creation can be divided into three types of path models: slow change, pioneer and growth, and there is heterogeneity in value creation modes and mechanisms among different enterprises. (3) Enterprises realize the steady development and diffusion of ARTIFICIAL intelligence technology in enterprises by obtaining internal and external legitimacy status. The research conclusion of this paper has important theoretical and practical significance for revealing the internal logic of artificial intelligence technology to achieve value creation and enterprise technology application decision.