In this AI Ecosystem Report, Scott Vaughan shares insight into the significance of the emerging Chief AI Officer role and what this means for the workforce.
Highlights
00:24 — There have been signs that more and more industries and companies have been establishing a “head of AI” role or a C-level title. For instance, according to LinkedIn, the head of AI or Chief AI Officer (CAIO) titles have tripled in the last few years in terms of listings on the platform.
00:54 — President Biden signed an executive order requiring all U.S. federal agencies to have a head of AI or CAIO in place by 2026 to use AI in any form. This trend isn’t just happening in the private sector; it’s also across finance, retail, healthcare, and other industries.
01:46 — Defining what a CAIO does has varied. Predominantly, the key role was setting the vision and strategy across the organization. A CAIO must have a deep understanding of AI as well as the impact of applying machine learning, LLMs, and NLP. This differentiates a CAIO from someone who is the head of AI products or technology. Soft skills and change management experience are also prominent.
The AI Ecosystem Q2 2024 Report compiles the innovations, funding, and products highlighted in AI Ecosystem Reports from the second quarter of 2024. Download now for perspectives on the companies, innovations, and solutions shaping the future of AI.
