Private Sector Drives 63% of Chief AI Officer Appointments as AI Influences Corporate Talent Strategy [Video]

A new Altrata study examines the background and characteristics of this emerging executive position.

NEW YORK, Dec. 12, 2024 /PRNewswire/ — Today Altrata, the leader in intelligence on the wealthy and well-connected, released 2024 Executive Insight: Chief AI Officers, a look at the evolving role of Chief AI Officers.

The study highlights the rapid increase in Chief AI Officer (CAIO) roles, particularly among private companies, with numbers expected to grow significantly over the next few years. It examines almost 35,000 public and private companies in the US and finds a 70% year-on-year increase in the number of individuals appointed to a CAIO role or equivalent. While the role is becoming more common, some companies such as Apple and audio equipment maker Bose created the role back in 2018, along with private equity-owned Meduit Group in 2019.

Looking at current CAIOs around the world, most are internally appointed, with a median tenure (so far) of …