Interest in artificial intelligence (AI) skyrocketed last year after the launch of OpenAI's ChatGPT. The generative chatbot astounded the tech world with its ability to produce human-like dialogue based on prompts. OpenAI's platform highlighted just how far AI has advanced and its potential to boost countless industries.

As a result, dozens of tech companies ventured into AI and enjoyed major stock gains for their efforts. Companies like Nvidia and Amazon have seen their stocks climb 228% and 45% over the last 12 months, thanks to dominating positions in their respective areas of AI.

However, the market is vast and appears to have plenty of room left to run, projected to expand at a compound annual growth rate of 37% until at least 2030. Consequently, it could be worth investing in a company that is still in the early stages of its AI journey and could deliver significant growth in the coming years as the industry develops.

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Source Fool.com