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.

Blog

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

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.

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

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 work is published under POID and the CEP's Growth programme.

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