The release of OpenAI's large language model-based chatbot ChatGPT late last fall brought artificial intelligence (AI) and machine learning (ML) to the public consciousness in a big way. However, companies have been researching and leveraging AI/ML for many years. That's because they know these technologies offer that all-important competitive advantage.

Here are two examples to provide a simple illustration of what I mean.

Regardless of the use case, just about all AI applications have a few things in common: the need for processing power and cloud infrastructure to run the applications. This is where Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) become AI essentials. And their earnings prove it.

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Source Fool.com