"While the general trend is upwards, there's been a decline in the use of AI for companies with more than 250 employees. That cohort is the group most likely to use AI, according to the bureau, peaking just shy of 14% and falling back down to 12% over summer surveys. While this represents a small - and perhaps temporary - decline, it does suggest some degree of hesitation on the part of large enterprises, some of which are growing frustrated at poor returns on investment."
""The bottom line is that the biweekly Census data is starting to show a slowdown in AI adoption for large companies," noted Torsten Sløk, chief economist at Apollo Academy, in a post on the company's website. In a post on social media, Arpit Gupta, an associate professor of finance at NYU Stern shared Apollo's chart and was asked what he considered the key takeaway. Gupta noted that "trillions in AI cap ex should probably be reconsidered.""
The US Census Bureau conducts a biweekly survey of 1.2 million companies that asks whether a company used AI in the prior two weeks. Overall AI use rose from 6.3% at the end of 2024 to 9.7% in the most recent survey, despite some recent dips. Companies with more than 250 employees peaked near 14% adoption and then declined to around 12% over the summer, signaling enterprise hesitation. Many large firms report frustration with weak returns on AI investments while continuing heavy spending on data centers and infrastructure. An MIT report found 95% of companies struggle to generate financial returns from AI.
Read at IT Pro
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