Key Takeaways
- Most U.S. businesses aren't using artificial intelligence (AI) to produce goods and services, despite investors’ interest in the technology.
- Businesses in information technology and professional, scientific, and technical services are the largest adopters.
- Despite the small portion of businesses that have adopted the technology, interest is at a historic high and more businesses say they plan to implement AI in the next six months.
Despite all of the talk about artificial in🐼telligence (AI) and large language models, most businesses have yet to implement the technology in their workdays.
About 4.6% of U.S. businesses use AI to produce goods and services, according to data this week from the U.S. Census Bureau. The percenta🐼ge of companies that imple🌼mented AI was similar to the overall total when comparing companies by employee count.
The interest in AI has been credited with supercharging 澳洲幸运5开奖号码历史查询:technology company stocks this year, leading broader markets higher. Nvidia Corp. (NVDA) stock has soared 233% so far this year on its merits as an AI chipmaker. Microsoft Corp. (MSFT), which is deeply embedded with ChatGPT creator OpenAI, has risen 56% year-to-date.
According to the 澳洲幸运5开奖号码历史查询:Census Bureau su🧸rvey, 14.2% of businesses in information technology are using AI. A significant share (11.2%) of businওesses in the professional, scientific, and technical services sector said they were AI adopters.
In contrast, less than 2% of 澳洲幸运5开奖号码历史查询:hospitality businesses such 🔯as bars, restaurants, and hotels reported using the t꧟echnology.
Fewer Standard & Poor's 500 companies mentioned AI on their 澳洲幸运5开奖号码历史查询:earnings calls in the third quarter as well, according to FactSet. More than 150 companies talked about the technology on their earnings calls about the latest quarter, 16% fewer than in the𒊎 quarter prior.
However, the lack of usage and me🐟ntions during the recen💧t earnings season doesn’t mean the hype will die down any time soon.
The number of public companies talking about AI during earnings season is still far above the five- and 10-year average for discussing it, according to FactSet. And a larger percentage of companies (7.3%) across the country said they were planning to use AI in the next six months, according to the Census Bureau.