the health strategist
institute for strategic health transformation
& digital technology
Joaquim Cardoso MSc.
Chief Research and Strategy Officer (CRSO),
Chief Editor and Senior Advisor
October 18, 2023
One page summary
What is the message?
The “What CEOs talked about in Q3 2023” report highlights a shifting landscape in corporate priorities, with three central themes gaining prominence during the quarter: Artificial Intelligence (AI), AI chips, and sustainability.
Economic concerns are on the decline, which is reshaping strategic discussions in boardrooms across the globe.
Key Takeaways
AI Dominates Discussions:
In Q3 2023, AI emerged as a prominent topic, with a 37% quarter-over-quarter (QoQ) increase, encompassing discussions on generative AI, AI strategy, and AI infrastructure. CEOs recognize the pivotal role of AI in shaping their strategies, illustrating a 56% QoQ surge in generative AI discussions.
Example: Frank Slootman, CEO of Snowflake, emphasized the critical importance of generative AI and the need for a strong data strategy to support AI initiatives.
AI Chips Ascend:
Mention of AI chips, particularly GPUs, surged by 102% QoQ, reflecting the growing importance of hardware for AI applications. Nvidia stands out with a 146% increase in mentions, outperforming Intel and AMD.
Example: Elon Musk, CEO of Tesla, expressed high praise for Nvidia and its GPU technology, underscoring the significance of these chips in their operations.
Sustainability Rebounds:
Sustainability, energy transition, and renewable energy made a comeback in Q3, with 9.2%, 15.4%, and 10.9% QoQ increases, respectively. While these figures remain below their Q1 2022 peaks, their consistent presence in earnings calls suggests a continued commitment to addressing environmental concerns.
Example: Larry Culp, CEO of General Electric, highlighted the importance of grid modernization in the energy transition, emphasizing its critical role in the United States.
Decline of ChatGPT:
The Q3 report revealed a 34% QoQ decline in discussions related to ChatGPT. CEOs are transitioning from specific ChatGPT discussions to broader conversations on enterprise-wide applications of generative AI.
Remote Work Decreases:
With the decline of COVID-19 concerns and the introduction of return-to-office mandates, discussions surrounding remote work decreased by 48% QoQ. This decrease reflects a shift towards in-person work arrangements.
Statistics
- Inflation mentions dropped 5% QoQ to 47% of earnings calls.
- Supply chain worries decreased by 2% QoQ.
- Recession mentions experienced the largest drop, declining by 38% QoQ to 11% of earnings calls.
- Generative AI discussions rose by 56% QoQ to 10% of earnings calls.
- GPU mentions climbed by 102% QoQ to 2.8%.
- Nvidia mentions increased by 146% to 1.9%.
- Sustainability mentions rebounded to 21.4% in Q3 2023.
- Energy transition and renewable energy mentions increased by 15.4% and 10.9% QoQ, respectively.
- ChatGPT mentions declined by 34% QoQ to 2.5%.
- Remote work discussions fell by 48% to 0.5% of earnings calls.
Conclusion
The Q3 2023 CEO discussions reflect a dynamic shift in corporate priorities, with AI, AI chips, and sustainability taking center stage.
These trends suggest a reorientation of strategies and investments in these areas, with a notable decrease in economic worries and remote work discussions.
DEEP DIVE
This summary was written based on the article “Prostate cancer: Higher radiotherapy doses can safely reduce exposure time”, published by Medical News Today and written by Erika Watts, on October 7, 2023.
To read the full article, access https://iot-analytics.com/what-ceos-talked-about-q3-2023/?utm_source=LinkedIn&utm_medium=Jeff_post&utm_campaign=Jeff
