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They would do it because the big investors--not randos with a 401k in an index fund, but big hedge funds--demand that AI leads the company. This could potentially be forced at a stockholder meeting without the board having much say.
I don't think it will happen en masse for a different reason, though. The real purpose of the CEO isn't to lead the company, but to take the fall when everything goes wrong. Then they get a golden parachute and the company finds someone else. When AI fails, you can "fire" the model, but are you going to want to replace it with a different model? Most likely, the shareholders will reverse course and put a human back in charge. Then they can fire the human again later.
A few high profile companies might go for it. Then it will go badly and nobody else will try.