The data desk

For the January-to-June filing season of each year from 2015 to 2026, the number of 10-K filings whose full text contains the exact phrase, divided by the number of 10-K filings in the same window retrieved by the same query with the phrase removed. Counts are of DOCUMENTS containing the phrase at least once, not of mentions.

Source

U.S. Securities and Exchange Commission, EDGAR full-text searchTIER A

Verification

6 checks, all passed

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CC BY 4.0

Used in Artificial intelligence is now in the majority of American annual reports

Source: U.S. Securities and Exchange Commission, EDGAR full-text search. Retrieved August 24, 2026. Analysis by DFX Intelligence.

Trailing 12 months ending 2026-07 summed from not-seasonally-adjusted monthly counts, compared with the same 12 calendar months ending 2019-07. Per-capita rates use the latest annual state population estimate. High-propensity share is high-propensity applications divided by total applications in the same window.

Source

U.S. Census Bureau, Business Formation StatisticsTIER A

Verification

13 checks, all passed

Licence

CC BY 4.0

Used in America files twice as many new businesses as it did in 2019. Most of them will never hire anyone.

Source: U.S. Census Bureau, Business Formation Statistics, via Federal Reserve Bank of St. Louis (FRED). Retrieved August 24, 2026. Analysis by DFX Intelligence.

For each metro, four monthly public series are scored as a percentile of that metro's own trailing 120-month history, using only observations available at the scoring month. Unemployment is inverted. Permits are smoothed on a three-month trailing mean before scoring. The temperature is the weighted mean of the available signals (employment 40%, unemployment 25%, permits 20%, labor_force 15%), renormalised over what is present. Momentum is the change in temperature over 3 months. Confidence combines coverage, recency and how far the signals disagree. Model version 1.0.0.

Source

U.S. Bureau of Labor Statistics (employment, unemployment, labour force) and U.S. Census Bureau (building permits)TIER A

Verification

7 checks, all passed

Licence

CC BY 4.0

Source: U.S. Bureau of Labor Statistics (employment, unemployment, labour force) and U.S. Census Bureau (building permits), via Federal Reserve Bank of St. Louis (FRED). Retrieved August 25, 2026. Analysis by DFX Intelligence.

Candidate facts are generated deterministically from each published dataset, scored on nine dimensions by observatory/score.py, ranked, and cut at a fixed score floor. No text is model-written.

Source

DFX Intelligence Observatory, derived from the datasets each signal citesTIER A

Verification

4 checks, all passed

Licence

CC BY 4.0

Source: DFX Intelligence Observatory, derived from the datasets each signal cites. Retrieved August 24, 2026. Analysis by DFX Intelligence.

Real GDP by state in millions of chained 2017 dollars, 2019 to 2025, expressed as percent change, joined by state to the trailing-twelve-month business application counts and seven-year application growth from the Observatory's business-formation-by-state dataset. Spearman rank correlation is reported because the application distribution has a single extreme value.

Source

U.S. Bureau of Economic Analysis, Regional Economic Accounts (SAGDP9), with U.S. Census Bureau Business Formation StatisticsTIER A

Verification

5 checks, all passed

Licence

CC BY 4.0

Used in Wyoming has the fastest business formation in America and the slowest economic growth

Source: U.S. Bureau of Economic Analysis, Regional Economic Accounts (SAGDP9), with U.S. Census Bureau Business Formation Statistics. Retrieved August 24, 2026. Analysis by DFX Intelligence.