Here is brief answer to this question:
The CFA and CAIA designations have some similarities – they’re both for finance professionals and are earned through an exam series, but when you look at the curricula and the intention of each, the distinctions are pretty clear. The CFA Institute offers a comprehensive, in-depth educational program on traditional investments; the CAIA Association offers a comprehensive, in-depth educational program on alternative vehicles. The CAIA program is more dynamic, which is in line with the AI industry’s rapid development, whereas the CFA program is much more static, which is in line with their emphasis on the traditional fundamentals that have stayed fairly constant over time.