How Much Are Firms Spending on AI (and What Will Happen to Headcounts)?

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Foster, Kevin M.; Meyer, Brent H.; Mihaylov, Emil; Navarrete, Michael A.

How Much Are Firms Spending on AI (and What Will Happen to Headcounts)?

Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Kevin M. Foster, Brent H. Meyer, Emil Mihaylov and Michael A. Navarrete

Nicholas Bloom and his co-authors investigate AI adoption in firms to understand how much companies are spending on AI and what the impact will be on the composition of their workforces.

6 May 2026

Federal Reserve Bank of Atlanta

https://www.atlantafed.org/research-and-data/publications/policy-hub-macroblog/2026/05/06/how-much-firms-spending-on-ai-and-what-will-happen-to-headcounts

This Blog is published under the centre's Growth programme.

This publication comes under the following theme: Technology adoption and diffusion