We refreshed our popular dataset on discussion of AI-related topics in earnings calls, now including data as of August 31st. We identify companies with high, low, or changing mentions of artificial intelligence from 2022 to 2024.
- NVIDIA Corp $NVDA, unsurprisingly, tops the list and has been talking about AI consistently since 2022.
- Among the top 100, the only three non-tech companies are Radnet Inc $RDNT, Coursera Inc $COUR, and Digital Realty Trust $DLR.
- Asana Inc. $ASAN and Hackett Group Inc. $HCKT went from no AI-related mentions in 2022 to being in the 98th percentile and above for AI-related mentions in 2024.
- Two healthcare firms – CareDx Inc. $CDNA and Lantheus Holdings Inc. $LNTH – have gone the other way and been quiet on the AI front recently.
On a sector level:
- Tech firms are still obsessed with AI, with over 7 times more mentions than in 2022 (from 1117 to a whopping 8305).
- Industrials (e.g. consulting, electrical equipment) and Comm. Services (e.g. internet, advertising) take the silver and bronze. However, mentions of AI from the tech sector alone are 5 times more than these two sectors combined.
- Healthcare has moved to fourth on the list from second place in 2022.
- Utilities, Materials, and Energy remain the bottom three as these companies tend to be indirect beneficiaries of AI compared to direct monetization.
The table below shows the top 10 non-tech subsectors with the highest mentions of AI:
| Subsector | AI mentions YTD '24 | AI mentions Jan-Aug '22 |
|---|---|---|
| Health Information Services | 223 | 43 |
| Internet Retail | 179 | 18 |
| Staffing & Employment Services | 165 | 14 |
| Diagnostics & Research | 154 | 99 |
| Consulting Services | 136 | 12 |
| Specialty REIT | 128 | 13 |
| Financial Data & Stock Exchanges | 124 | 10 |
| Education & Training Services | 124 | 16 |
| Biotechnology | 95 | 14 |
| Electrical Equipment & Parts | 89 | 2 |
| Travel Services | 87 | 6 |
To contrast the sector differences, we also included the AI mentions for all technology sub-sectors:
| Subsector | AI mentions YTD '24 | AI mentions Jan-Aug'22 |
|---|---|---|
| Software - Application | 2548 | 335 |
| Software - Infrastructure | 1982 | 215 |
| Semiconductors | 1008 | 180 |
| Information Technology Services | 1005 | 188 |
| Computer Hardware | 566 | 57 |
| Communication Equipment | 395 | 39 |
| Semiconductor Equipment & Materials | 303 | 53 |
| Electronic Components | 207 | 20 |
| Electronics & Computer Distribution | 128 | 3 |
| Scientific & Technical Instruments | 114 | 26 |
| Consumer Electronics | 31 | 0 |
| Solar | 18 | 1 |
| Total | 8305 | 1117 |
Access the full discussion of AI dataset here.
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