The Future. The explosive popularity of AI has prompted organizations across every industry to open up the buzziest position in the office: the Chief AI Officer. Echoing the implementation of the Chief Technology Officer in the ‘80s, the CAIO will likely become a permanent fixture in the C-suite… but don’t be surprised if one firm tries to make headlines by installing a chatbot in the role.
Everybody wants a piece of the AI goldmine.
- Equifax credit bureau, Mayo Clinic, Ashley Furniture, The New York Times, and 400 federal agencies are just some of the organizations that have hired or are looking for an AI leader.
- An AI forum on Glassdoor last year had 122 people with the job title of “Chief” or “VP of AI” join — a huge jump from the 19 who attended in 2022.
- The roles, which can command compensation packages of over $1 million, are focused on company-wide implementation of the tech, experimenting with emerging systems, and navigating evolving risk factors.
As AI is all the rage, the metaverse is on the fritz. Many metaverse lead roles have vanished from high-profile firms (Disney, CAA, Procter & Gamble), while the term “metaverse” was only mentioned twice last year in the quarterly earnings reports of all the S&P 500 companies.
No wonder so many Chief Metaverse Officers are trying to rebrand as Chief AI Officers.