\begin{tabular}{lcc} \toprule & (1) Sector+Year FE & (2) Firm+Year FE \\ \midrule AI project & -0.104 & -0.184 \\ & (0.306) & (0.261) \\ \# technologies & 0.033 & 0.065 \\ & (0.050) & (0.044) \\ log(\# filings) & 0.728*** & 0.744*** \\ & (0.049) & (0.043) \\ Status: in progress & 0.303*** & 0.255*** \\ & (0.078) & (0.064) \\ Status: completed & & \\ & & \\ Status: planned & 0.507*** & 0.492*** \\ & (0.082) & (0.073) \\ \midrule Project-type FE & Yes & Yes \\ Sector FE & Yes & -- \\ Firm FE & -- & Yes \\ Year FE & Yes & Yes \\ Observations & 9,321 & 9,321 \\ $R^2$ & 0.132 & 0.318 \\ \bottomrule \end{tabular}