Chief AI officer
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A chief AI officer (CAIO), also known as chief artificial intelligence officer, is a senior executive position responsible an organization's artificial intelligence strategy, implementation, and governance.[1] This business role emerged from the rapidly increasing deployment of AI technologies in business operations,[2] education, and government.[3]
Origin
[edit]A CAIO is typically responsible for examining the short and long-term needs of an organization and utilizing capital to make investments designed to help the organization reach its AI-related goals in support of larger business objectives.[4][5] The CAIO is usually the highest AI executive position within a company and leads the AI, data analytics, or machine learning department.[6]
The roles and responsibilities of a CAIO can intersect, interoperate, or even overlap with other c-suite technology officers such as the chief data officer (CDO), chief information officer (CIO), chief technology officer (CTO), and chief information security officer (CISO).[7] Due to the recent raise of the CAIO position, the responsibilities of the CAIO are still evolving. The exact content and reporting structure varies by organization, but the CAIO frequently reports to the CEO, COO, or CTO[1]
History
[edit]The CAIO position emerged recently, driven by advancements in AI technologies, especially following the resurgence of deep neural networks.[8] This can be dated to the end of the last AI winter, marked by the 2012 ImageNet competition[9] which elevated deep neural networks as the principal AI research paradigm. With the announcement of the Transformer architecture in 2017 and widespread public adoption of large language models via interfaces like ChatGPT in late 2022, AI investments and competition for computing resources and talent has rapidly risen.[10]
According to LinkedIn data, the number of CAIOs has about tripled in the last five years.[11] This highlights the growing acknowledgement of the role's strategic importance to guide the adoption of AI into business operations. A wide range of industries like healthcare have hired CAIOs at leading institutions including GE Healthcare, UnitedHealth, UCSF Health, UCSD Health, Mayo Clinic Arizona, and Children's National Hospital.[12][13]
At the federal level, the US government is also leading the formal adoption of the CAIO role. On March 28, 2024, the US White House's Office of Management and Budget issued a memorandum mandating all US Executive departments and agencies appoint a Chief AI Officer (CAIO) within 60 days.[14] On April 19, 2024, Senator Gerry Connolly (D-VA) introduced the AI LEAD Act, which would create a CAIO in every federal agency and establish an interagency Chief AI Officer Council.[15]
As AI technologies evolve, their integration into business operations and decision-making is expected to increase.[16] According, industry analysts predict the CAIO position becoming more prevalent.[17]
References
[edit]- ^ a b "Chief AI officer: What it takes to land the C-suite's hottest new job". CIO. Retrieved 2024-08-14.
- ^ "Artificial Intelligence for the Real World". Harvard Business Review. 2018-01-01. ISSN 0017-8012. Retrieved 2024-08-14.
- ^ "The EU AI Act and the Emergence of New Global Standards". Eckerson Group. Retrieved 2024-08-14.
- ^ Valente, Alla (2024-04-03). "The New Chief Artificial Intelligence Officer Role Balances AI Champion And Risk Manager". Forrester. Retrieved 2024-08-14.
- ^ "What Is a Chief AI Officer? | IBM". www.ibm.com. 2024-08-12. Retrieved 2024-08-14.
- ^ Fountaine, Tim; McCarthy, Brian; Saleh, Tamim (2019-07-01). "Building the AI-Powered Organization". Harvard Business Review. ISSN 0017-8012. Retrieved 2024-08-14.
- ^ "CIO vs CTO: What's the difference? | McKinsey". www.mckinsey.com. Retrieved 2024-08-14.
- ^ "The evolving role of Chief Artificial Intelligence Officers - Power Shifter Digital". www.powershifter.com. Retrieved 2024-08-14.
- ^ "ImageNet". image-net.org. Retrieved 2024-08-14.
- ^ Leswing, Hayden Field,Kif (2024-03-30). "Generative AI 'FOMO' is driving tech heavyweights to invest billions of dollars in startups". CNBC. Retrieved 2024-08-14.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Subscribe to read". www.ft.com. Retrieved 2024-08-14.
{{cite web}}: Cite uses generic title (help) - ^ Diaz, Naomi (2024-07-31). "Which health systems have chief AI officers?". www.beckershospitalreview.com. Retrieved 2024-08-14.
- ^ Jackson, Amber (2023-07-19). "Top 10 Chief AI Officers". aimagazine.com. Retrieved 2024-08-14.
- ^ Executive Office of the President, Office of Management and Budget (March 28, 2024). "MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES" (PDF). The US Whitehouse. Retrieved August 14, 2024.
- ^ "Connolly, Garbarino Introduce Bill to Create Chief AI Officers at Every Federal Agency". U.S. Congressman Gerry Connolly. 2024-06-14. Retrieved 2024-08-14.
- ^ "How Businesses Are Using Artificial Intelligence In 2024 – Forbes Advisor". www.forbes.com. Retrieved 2024-08-14.
- ^ Insider, C.-Suite (2024-02-16). "The Emergence of the Chief AI Officer in C-Suites". C-Suite Insider. Retrieved 2024-08-14.