Investing in artificial intelligence (AI) can be as straightforward or as complex as you want. You could spend hours digging into each company's product line and determining its potential uses, or just pick the popular stocks that are consensus winners.

However, I think there's an intelligent way to play the AI investment wave: Purchase shares of a few companies spread throughout the AI supply chain. That way, your bets are spread across the board, giving you the best chance of success. If you've got $1,000 and are itching to get some AI exposure, here's how I'd do it.

While AI is highly complex, the value chain required to create the software is quite simple. As with most technological investments, there is a software and hardware component. On the hardware side, data centers filled with thousands of GPUs (graphics processing units) and other computing devices are needed to help process calculations and train AI models. On the software side, data sets are used to train AI models, which can then be integrated into software and sold as an AI product from which the end user benefits.

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Source Fool.com