What's happening is that as IT becomes central to how businesses operate, the CIO becomes less of a pure techspecialist and more of a business executive, heavily involved in strategy.
Summers obliged with what sounded a lot like received VC wisdom: tech investors should look for specialist ideas that can spread quickly, and on a mass scale.
The report highlights techniums - specialist facilities for hi-tech, creative and knowledge-based businesses - which are promoting hi-tech jobs around Wales using Objective One money.
As well as the car factory and its supply firms, there are several hi-tech companies here like Intel and Motorola and a cluster of small specialist outfits.