It's been almost a year since ChatGPT was commercially released. And after its meteoric rise, companies of all sizes quickly realized just how crucial artificial intelligence (AI) is going to be for digital transformation.

Perhaps unsurprisingly, big tech has been leading the charge when it comes to showcasing AI applications. Both (NASDAQ: GOOGL) (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN) are investing aggressively in AI to bolster business segments, such as cloud computing, advertising, and e-commerce.

Over the last several months, new AI-powered services have helped propel each of these technology behemoths forward. While AI is still in its early innings, both of these companies are already beginning to separate from the pack. Investors may want to take a closer look at Alphabet and Amazon now before the prospects of AI get priced into the respective stocks.

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Source Fool.com