Nick Elprin is the CEO and Co-Founder of Domino Data Lab. Before starting Domino, Nick was a senior technologist and technology manager at Bridgewater Associates, where he managed a team that designed, developed, and delivered Bridgewater’s next generation research platform. He has a BA and MS from Harvard College in computer science.
The number of companies with a "Head of AI" position globally more than tripled in the five years ending in 2023.
Through all of this, CAIOs should be working in collaboration with chief risk officers and chief compliance officers. “They should be thinking about how we make sure the way we’re building AI is responsible and we’ve got AI safety and governance practices in place,” Elprin said.
Elprin believes that large, multinational organizations and those with federated, self-contained business units may not need a CAIO. “Those organizations are doing so much of their own thing that I don’t think there’s a lot of point in having a global, overarching, enterprise wide CAIO."
“The most common problem I see is the expectations and responsibility that are put on the chief AI officer aren’t matched with a commensurate degree of authority. Otherwise, there’s just a figurehead being asked for advice, but they’re not able to control their destiny.”