Woofun AI data shows that the frequency of "AI" terminology in SEC filings by US-listed companies has reached a peak, following a steady increase since late 2022. While capital and operating expenditures continue to grow, there is currently a lack of substantial end-users providing auditable, verifiable return on investment for these AI initiatives.

The term "Agentic" is exhibiting a steeper growth curve, emerging as the latest buzzword in corporate disclosures. Analysts note that although AI represents a significant technological transformation, the path from investment to value generation remains unclear, with only a few firms currently realizing substantial benefits from infrastructure spending.