Where Data Tells the Story
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Though more public companies than ever are talking about AI — a whopping 58% of the S&P 500 Index mentioned the technology in the most recent earnings season, per a report from Goldman Sachs Global Investment Research — how many large firms are actually using it is slightly different.
The latest update from the US Census Bureau’s Business Trends and Outlook Survey of 1.2 million firms suggests that large companies, having experimented with the tools over the last year, might be starting to touch the brakes on their actual AI utilization.
A trend noted by Apollo’s chief economist, Torsten Sløk, shows that as of the second and third week of August, AI adoption in businesses with more than 250 employees had dropped to 9% from a 15% peak in the first two weeks of June.
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