AI Fuels 45% Surge in New US Business Formations Since Launch of ChatGPT: Report
Artificial intelligence is driving explosive growth in American entrepreneurship, according to a new report.
Data from the U.S. Census Bureau shows business formations in professional, scientific and technical services have surged about 45% since the launch of ChatGPT, reports Bloomberg. Meanwhile, the number of construction businesses has increased by only about 10% over the same period.
Georgia Tech grad Albe to Flores, who is building an Al-powered law firm in Mexico, says he believes fears over Al-related job losses are getting people to nove.
"AI is increasing pressure to get ahea. I see that a lot of people feel like,
'AI is going to come for my job, so I have to do something."
The US Census Bureau now expects 29,700 new businesses to form each month for a year straight, based on paperwork filed with the IRS.
That number is 17% higher than projections from one year.
$SIREN $ROLL $UB
Artificial intelligence is driving explosive growth in American entrepreneurship, according to a new report.
Data from the U.S. Census Bureau shows business formations in professional, scientific and technical services have surged about 45% since the launch of ChatGPT, reports Bloomberg. Meanwhile, the number of construction businesses has increased by only about 10% over the same period.
Georgia Tech grad Albe to Flores, who is building an Al-powered law firm in Mexico, says he believes fears over Al-related job losses are getting people to nove.
"AI is increasing pressure to get ahea. I see that a lot of people feel like,
'AI is going to come for my job, so I have to do something."
The US Census Bureau now expects 29,700 new businesses to form each month for a year straight, based on paperwork filed with the IRS.
That number is 17% higher than projections from one year.
$SIREN $ROLL $UB