The Center for Applied Artificial Intelligence (CAAI) was founded with the mission to develop unbiased algorithms, address societal policy issues, and educate future tech leaders. Leveraging the University of Chicago Booth School of Business’s expertise in quantitative analysis and social science, CAAI focuses on creating AI tools that enhance human life and business practices. Their core services include algorithm development, policy intervention strategies, and educational programs aimed at producing MBA graduates proficient in both business and AI technologies.

Notable affiliates of CAAI include leading researchers and faculty from the University of Chicago Booth School of Business. The center has received support from various influential investors and partners committed to advancing AI applications in society. Key achievements include the development of tools to reduce algorithmic bias and significant contributions to policy solutions through AI. CAAI's impact is seen in its role in shaping the future of AI integration in business and societal contexts, fostering a new generation of leaders equipped to deploy ethical and effective AI solutions.