The artificial intelligence (AI) industry exploded last year, with hype over the technology unlikely to dissipate anytime soon.

According to Grand View Research, the AI market hit $197 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 37% through 2030. Projections see the sector surpassing $1 trillion before the end of the decade, suggesting there's no better time to invest in AI.

Companies across tech have restructured their businesses to prioritize the AI market's development, creating countless ways to back the high-growth sector.

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Source Fool.com