Federal Reserve Bank of Cleveland
04/15/2026 | Press release | Distributed by Public on 04/15/2026 09:28
SORCE Insights: How Fourth District Firms Are Using AI
Cleveland Fed District Data Brief
SORCE Insights: How Fourth District Firms Are Using AI
The Cleveland Fed's latest edition of the Survey of Regional Conditions and Expectations (SORCE), administered from March 19 to 26, 2026, included a set of special questions focused on the use of artificial intelligence among Fourth District firms. This District Data Brief discusses the top-line results from these questions.
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Mitchell IslerResearch Analyst
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Brett HuettnerSenior Research Analyst
The views authors express in District Data Briefs are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Harrison Markel.
The Cleveland Fed's latest edition of the Survey of Regional Conditions and Expectations (SORCE), administered from March 19 to 26, 2026, included a set of special questions alongside the standard question set that informs the SORCE indexes. These special questions focused on firms' use of artificial intelligence (AI), including their recent and planned adoption of AI, how they are using it, and barriers to adoption.
Firms' Recent and Anticipated Use of AI
Just under three-fourths of respondents said that their organization had used AI as part of its business processes over the past six months, and a slightly higher share (79 percent) expected their organization to do so in the coming six months.
Federal Reserve Bank of Cleveland published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 15, 2026 at 15:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]