Increased competition and challenged investor sentiment have put pressure on the AI trade in 2025. Nevertheless, AI adoption among US firms continues to gain ground, with 9.2% of companies now using AI to produce goods and services—up from 7.4% in Q1 2025. We expect broad AI adoption to rise further as the technology advances and implementation costs decline. Importantly, we see attractive investment opportunities in AI beyond just the big tech space, particularly in areas like AI infrastructure and in firms integrating AI into their business models.
Source: Census Bureau, Goldman Sachs Global Investment Research, and Goldman Sachs Asset Management. As of June 5, 2025. Chart shows the economy-wide adoption rate of US firms using AI technology in the context of producing goods or services. “AI” refers to artificial intelligence. For illustrative purposes only. “We” refers to Goldman Sachs Asset Management.