Artificial Intelligence (AI) is rapidly gaining significance across different sectors. From automotive to healthcare, AI technologies are changing how businesses operate and deliver services. To oversee the increasingly diverse applications, a new position comes to the forefront: The Chief Artificial Intelligence Officer (CAIO). It falls on the CAIO to develop an appropriate AI vision and strategy and align it with the overarching company strategy. This necessitates intensive collaboration with other executives and staff to establish a foundational understanding, alleviate concerns, and identify and manage the potentials and risks of AI projects. Additionally, it is their responsibility to ensure that all AI applications are used ethically and in compliance with legal regulations. The continuous development of their own AI strategy and initiatives will increasingly provide companies with a decisive competitive advantage. Over years of market presence and precision-tailored strategies, GEMINI Executive Search consultants have successfully assisted numerous clients in this segment in developing and implementing competitive advantages in the innovation context. This includes leading national and international technology and IT companies as well as innovative startups.