The role of the CCO has long been defined by labor-intensive, manual tasks – from monitoring insider trading risks to ensuring regulatory filings are both accurate and timely. Artificial intelligence (AI) offers the promise of automating a substantial portion of those routine processes, freeing CCOs to focus on higher-level strategic responsibilities, such as ethical risk management, policy development and stakeholder engagement. Effective use of AI in compliance can transform a CCO from a reactive “policeman” role to that of a strategic partner – an “Algorithmic CCO” for the digital age. This second article in a two-part guest series by Brian Meyer, partner at AirGC, discusses the changing skill set required of the modern CCO, practical steps for implementing AI in compliance functions and the future of AI in hedge fund governance. The first article examined the evolution of hedge fund governance; current and emerging AI use cases in compliance; and potential regulatory challenges. See “Understanding and Mitigating Risks of Using ChatGPT and Other AI Systems” (Jul. 6, 2023).