Discussion Paper
Capital and AI Investment in the Fifth District
Abstract: According to the Bureau of Economic Analysis, much of the recent growth in private sector investment in the U.S. economy has been technology related, from investment in information processing equipment and intellectual property products to exponential growth in data centers. In addition, many firms have been spending on services like subscriptions or training to determine how they can best employ artificial intelligence (AI) technology. In June, we asked over 250 firms in the Richmond Fed's Fifth District about their capital investment, AI adoption, and factors such as employment and prices. While there have been high levels of both capital investment and AI adoption in recent months, most firms are still determining how to use AI in their businesses and where or when gains from the technology will be realized.
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https://www.richmondfed.org/region_communities/regional_data_analysis/regional_matters/2026/capital_and_ai_investment_in_the_fifth_district
Description: discussion paper
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Provider: Federal Reserve Bank of Richmond
Part of Series: Regional Matters
Publication Date: 2026-08-06