Yes, Your Company Needs a Chief AI Officer. Here's Why.

Artificial intelligence, or AI, seems to be the most buzzed-about topic in technology lately. It's helping display the right ads within your social network, recommend the next product to buy from your favorite online retailer, and--soon--direct your autonomous car around town. In other words, every Fortune 500 executive should be thinking about how best to use AI within his or her own company. Baidu chief scientist Andrew Ng, speaking at a Fortune Brainstorm Tech dinner at The Bellagio in Las Vegas, believes CEOs should go further. "You need a chief AI officer," Ng told Fortune assistant managing editor Adam Lashinsky. "If you have a lot of data and you want to create value from that data one of the things you might consider is building up an AI team."