Fortune 500 AI Disclosure Analysis: How America's Largest Companies Talk About AI in SEC Filings

Full dataset available on GitHub: fortune-500-ai-analysis Executive Summary This analysis examines AI mentions in SEC 10-K filings across the Fortune 500 from 2022 to 2025. We tracked how often companies mention AI, whether they frame it as a risk or opportunity, and whether AI disclosure correlates with company performance. Key Findings AI disclosure has become nearly universal. 85% of Fortune 500 companies now mention AI in their annual filings, up from 29% in 2022. Total AI mentions across all filings grew 601%. Companies have shifted from optimism to caution. In 2022, 30% of AI-discussing companies framed AI only as an opportunity. By 2025, that fell to 4%. Today, 78% of AI-discussing companies acknowledge both risks and benefits. High-growth companies talk more about AI, but early adopters didn't grow faster. Companies in the top growth quartile mention AI twice as often as those in the bottom quartile. However, companies that began discussing AI in 2022 did not outperform those t