Artificial intelligence adoption rates seem to be slowing down among large US companies with over 250 employees. According to the US Census Bureau's surveys of 1.2 million American companies, AI usage among this group peaked at around 14% and then fell back to 12%. This decline might be due to some companies experiencing poor returns on investment.
Despite this, overall AI adoption rates are still increasing, with 9.7% of all companies reporting AI use in the last two weeks. However, a significant majority of companies, 83.8%, hadn't used AI, while 6.5% were unsure about their AI usage.
The way the question is phrased might also impact the results, as the Census Bureau asks if companies used AI "in producing goods or services," which might not capture AI's use in other areas like customer service or marketing. Some experts are raising concerns about a potential AI bubble, given that 95% of companies are struggling to deliver financial returns from AI.
Despite these challenges, some analysts believe AI adoption will continue to grow, potentially crossing the 10% threshold soon. As the landscape of AI adoption evolves, it will be crucial to monitor how companies adapt and integrate AI into their operations.
