and posted in Technology

As companies increasingly appoint chief artificial intelligence chief executives (CAIOs) to their C-suite roster, a recent report from IT research firm Gartner raises the question of whether companies need to create this new position.

HR executives have been looking for talent with AI knowledge, and companies and organizations in many sectors have created CEO AI positions. Many of them are doing so, especially after November 2022 when GBT Chat was launched.

The ability of generative artificial intelligence (GenAI) to create content such as text, images, sound, and animation attracted investments from companies worth nearly $16 billion worldwide in 2023, and according to expectations, by 2027, investments in GenAI will grow. To 143 billion dollars.

Michael Fitzsimmons, CEO of Crosschq, a recruitment software provider based in California, ran a data query to find out how many people hold the position of vice president or chief executive of artificial intelligence. Only 837 of the 1 million titles analyzed matched those criteria. The information came from a number of public social data sources, including LinkedIn.

“From the profiles I have seen of AI professionals working in medium to large sized companies, they are not necessarily data experts as much as they are strategists who are able to balance the legal and ethical implications of AI technology,