The Gist
New Census Bureau data shows AI adoption in U.S. firms rose sharply from late 2023 through mid-2025, but the growth rate is allegedly now flattening across all firm sizes. Large companies allegedly lead, and smaller firms are supposedly close behind, yet absolute adoption levels are claimed to be low. While I remain skeptical about the capex buildout, this interpretation based on fraught Census Bureau data is largely indefensible.
Key Facts
- Citing a bi-weekly US Census Bureau survey, Apollo shows that the share of firms with 250+ employees using AI rose from roughly 5% in late 2023 to a peak around 13–14% in mid-2025, then edged down toward ~12% by September 2025.