New business applications in the US reach 5.6 million, driven by AI lowering entry barriers and boosting solopreneurship.
US new business applications hit 5.6 million in 2025, up from 3.5 million in 2019, as AI tools reduce startup costs and labor demands. Economists link the surge to a rise in solopreneurs, individuals leveraging automation to launch independent ventures.
The trend reflects a broader shift in entrepreneurship, with AI enabling workers to transition from traditional employment to business ownership. Analysts note this dynamism offsets job displacement risks by expanding viable enterprise opportunities.
Market observers highlight the role of AI in accelerating the small business boom, with some labeling it a key driver of economic resilience.