Steve Chase, vice chairman for AI and digital innovation at KPMG, argues that companies need a chief AI officer (CAIO) to make the most of the opportunities presented by AI. This person should have technical understanding, strategic flair, and the ability to innovate. Chase advocates responsible AI governance that takes into account both rapid advances and ethical principles. In addition, employees should be exposed to AI tools early on to foster innovation. According to Chase, companies that embrace AI quickly and decisively will gain a competitive advantage.