Are enterprises hiring the wrong Chief AI Officer?

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As businesses race to operationalize AI, a growing number are creating dedicated AI leadership positions.

The appointment of HSBC’s first Chief AI Officer, for example, caused a stir when it was unveiled earlier this year.

When the financial services giant announced plans to build a bank for the future – and cited the key role that an enterprise-wide AI strategy will play – many people no doubt expected the new position to be filled by a technologist. Instead, the inaugural title was given to David Rice – a reported HSBC veteran of 20 years, who previously served as the bank’s Chief Operating Officer.

This became a hot topic of conversation, but in my opinion, for all the right reasons. Because, yes, HSBC’s decision may have come as a surprise, but I applaud it as the right one.

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