Global banks are competing for Chief AI Officer! The position is red-hot but hides a "disappearance risk" behind it.

Theapp has learned that from Sydney to London, major banks are competing to fill a senior position that barely existed a year ago - Chief Artificial Intelligence Officer (CAIO). Over the past three months, HSBC, the Commonwealth Bank of Australia and Lloyds Bank have all appointed new AI leaders. The position can command a salary of up to nearly $3.5 million, and the relatively scarce skills required often force financial institutions to poach talent from competitors.